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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: McGuinty urged to kill plans to ship 'Ring of Fire' refinery work to China

I believe Cliffs will still build and operate a smelter in Canada if they are allowed to build the open pit mine. They want to be able to ship the extra non US/Canada production ore to other countries if demand is there. PROBLEM IS, will they slow down or stop production in N.A. after getting what they want? I think YES, so don't let them. Will they give up on supply in N.A......No, I doubt it. Noront/Baosteel can do it. Baosteel can take over their claims and pay them peanuts like Cliffs did to us.

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