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: The SPQ thing and NOT

Sum, if Cliffs goes after NOT, it will go down very much like FWR and SPQ, with shareholders talking big, and then being forced to take an amount which is multiple times less than they felt the company was worth. Big versus small, and look at our share price, for goodness sakes - I used to tease when we were a "lousy buck fifty stock," now I wish we were!

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