Cliffs latest Press Release

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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AlsoFromSudbury

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Cliffs latest Press Release

posted on May 18, 2009 01:46PM

In Cliffs latest press release, in which they are selling 12 million shares on the market to raise funds, they end the summary of their holdings by saying they own an interest (inferred in the statement) in a number of smaller greenfield projects not yet in production.

We know that they hold ~20% of KWG; does this mean that they own an interest in NOT and FWR as well??

As stated previously Cliffs usually purchase ~10% in a new mining development and go on to mine the project for a management fee.

NOT needs a company like Cliffs to purchase a good chunk of the stock for a long term hold.