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: Cliffs Natural Resources Inc. Announce Plans to Halt Development of its Chromite

I agree. Cliffs plan was not going to happen quick enough anyway. Noronts and KWG chromite is good enough to be mined soon and via the underground. Rail can be done as it gets done and as FNs get trained for a larger chromite mine later as market share developes. Maybe Baosteel will be a little more aggressive now.

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