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: Majors.....Confident... Agreements

Rob, transparency's not something that comes lightly these days by way of the BOD of either NOT or FWR.

I do not know what Rosseau's got currently as sketchy info at best when googled nor am i fortunate to have the funds available to be invested with them, he made it to the top of the hedge fund business in 06, at that time administered over 200 million with assets of 175 million, that's just Rosseau, then there's Sprott and so on and so on, point is that yes Cliffs has cash but are they willing to go all in at this stage in the game? I have said it before and I'll say it again, IMO, Cliffs themselves are positioning themselves to be taken over. I guess this situation like anything else in ROF right now is a hurry up and wait and see situation.....next hurdle is this SRP ruling.

This week will be fun but the 16th and 17th will be intense to say the least.

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