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: Cliffs endorses Ring of Fire railroad plan

The $2.0 million figure must be for preliminary engineering because the railway would cost more like a billion. It is a bit confusing unless I am missing something. However, despite that, the article is very encouraging in that it portrays a level of commitment and cooperation. Hopefully once capitol funds are sourced, they will all be pulling on the same oar and we can get some movement ahead.

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