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: Well, here's what I think...sort of...

"Again, he said the board cannot “take up a decision without other milestones being done as well.”

While Cliffs still has confidence in the industry, there is competition for capital from “other priorities within Cliffs.” Boor called that a dynamic that he has to manage, but it will require assistance from stakeholders.

Cliffs takes the environment and health and safety seriously, said Boor,

“We can go above and beyond the minimum, and we intend to, but we can only do that with people's help.”

While the above may be true.....I say yada yada yada. It all boils down to, particularly in the last line....that you're going to have to give us something if we're going to help you out. I'll wager that if the gov't came out and said well, we've decided this home project is going to be home grown that Clf would change it's tune double time. It's unfortunate that Canadian talent can't pick up the slack here and get things done. Where is Clf ....A.K.A the US gov't going to find this strategic metal in such quantity in such a safe place? They suspect that On. will just go gaga over this wondrous opportunity the big US company is going to give us and keep our citizens fed and with roofs over their heads. It's kind of ridiculous but typical of Canadian industry....get it started and then sell out. But, to be fair, the game is still afoot so we'll see what happens. Who knows, maybe.......NOT will surprise and rise from their sp ashes from under the radar and come out swinging. We wait to see.

NOT's plight at the present is much the same as companies who are touting their merits with little market response to show for it. Sure, they go up for a few days and then they continue their march back down. Take TSM for instance, a RE find of significant value with the heavy stuff to boot just on the verge of mining status, yielding that stuff that is needed for all of the modern tech, phones, computers, smart bombs etc......and it like so many others has rocketed down to lows. They actually come out with significant and buoyant news that still results in sinking sps. Well, certainly management of the company feels better but the sp still sucks......and it's just one story among many. We are experiencing the worst economic times in recent history and still the same need to ignore it prevails in the belief that things aren't as bad as they say and that it'll bounce back soon enough as we can just go back to borrowing buying and overextending. So we sit waiting to see the outcome of the US election.....as if that could make a difference. 16 trillion in debt you say? That's a.... "Cliff".... of a whole other order of magnitude. We wait to see.

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