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: Is Cliffs ready to cash out in the Ring? Northern Ontario Business

i just took a few lines from maureen's article and would comment briefly.

1'The ruling has bitterly disappointed Cliffs.

2Having road access is one of a bundle of hurdles that the company said has stymied the advancement of Black Thor and pushed back the mining start date back from 2015 to 2017, and possibly even beyond.

3“You can't mine in the Ring of Fire if you can't get materials in and product out,” said Boor.

4Frustrated by the delays, Boor is challenging Queen's Park to come up with a solution.

5“It's hard for us to continue spending a pretty significant amount of money, month in and mouth out, on a project that the government has said we don't have land for.”'

1. it sounds as if they did not have an option b, c or d. that's quite surprising for a large compnay and quite an oversight.

2.'stymied' interesting word which again shows lack of planning alternatives. mr. boor is the head of this company and certainly should take the full responsibility for not being prepared for all outcomes. i as a shareholder would not be very happy with him.

3.1 of the options in #1 is called co-operation. cliffs has been a bully all its life as many huge operations are. they have never had to sit and chat and compromise. this is evidenced in their taking their ball twice and going home. when will they notice that the ball game continued. all they have to do is co-operate/share as the pie is huge.

4.it's there. it's called co-operation, something cliffs has apparently never done. mr. boor is looking to others in order to avert direct criticism from his shareholders. i see a golden hand shake for him if he cannot come to understand compromise.

5.see #1 through 4

thanks irish

all mho

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