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 bought UC McFauld lake property

It was a logical move for CLF to take over UC in order to consolidate their ring of fire strong hold.However, if Baosteel wishes to become the next chromite producer in north america and doesn't want to be second to CLF with bigger deposits,they can buy out Probe and fancamp,s chromite deposits(on fair prices of course) with PRB,s property the only one on high solid gound.That will consolidate the majority of the chrome deposits in the ring of fire between two giants.I am certain that CLF is not going to like it.Tough.No more fire sale for them.

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