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: ROF Luncheon-The only question

ROF Luncheon-The only question

posted on May 31, 2009 06:34PM

The only question presented to Hamilton at the conclusion of the ROF luncheon was from Donna MacPherson, a rep from Octagon and it referred to CLF's presence thru KWG.Hamilton's response was not a flat out "meaningless"He stated that CLF's present target market was North America where the demand, at most was 400,000 tons of ferronickel(I assume he meant ferrochrome) per year.He did however state that if CLF was looking to gain a market share in Asia and Western Europe,the chromite(ferrochrome) might get them in.Perhaps CLF is indeed interested in entertaining just such a thought.He also stated that CLF did not have enough iron ore to supply those overseas markets but I'm sure that there is more than enough iron ore in Quebec alone to get them there.JMO.

cs.

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