Re: Editorial: The Cliffs Notes on the Ring of Fire

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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BarbuBeatnik

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Re: Editorial: The Cliffs Notes on the Ring of Fire

in response to

Editorial: The Cliffs Notes on the Ring of Fire

luker

posted on Nov 28, 2013 02:50PM

One of the best piece of paper we have seen about the Reality of things regarding Cliffs behaviour. We, long time RoF investors, all knew this, but not necessarily Mr Joe Average!

One part I feel is not so much a secret for the key players, and may well surprise everybody sooner of later (Babjak1 has already pointed one potential pretender at some point, I may recall):

"Secrets of closing the sale — Cliffs won’t admit the project is uneconomic because it wants to sell it. It’s already sunk some $500 million into it, and would be happy to recoup that money, and so is loathe to talk down the asset."