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: Re: Question/comments re: buyout in next couple of years... - Shakey

Think it's pretty apparent from both feds and ON gov't perspective, as Cliffs goes so goes the ROF as to whether they continue with their plans on a standalone basis(not likely), partnered with another company(they've already stated they are looking for one...maybe Baosteel) or outright sell their holdings to a larger entity. Consolidation is inevitable but suggest no activity until the transportation part is clear and resolved. Nothing can move in or out of the area on a consistent year round basis until this is established.

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