HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Xstrata slashes ferrochrome output

There you go.

....Other steel input materials like nickel, coking coal and iron ore have seen prices pull back by 30% since September when the price of ferrochrome for the last three months of the year was set.

“Ferrochrome declining by this amount would imply 130c/lb. Given that stainless steel cutbacks are accelerating we fear even lower prices for Q1 2009,” Toyne said....

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