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)
Message: Re: The chicken or the egg, Nickel or the Chrome & Consolidation of the Ring of fire
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1. CLF: Amazing to see how fast this ship went down. The day low was $14.30/s for a Mkt Cap of $2.2B, a piddly amount compared the aquisition price of $4.9B for Consolidated Thompson alone.
goldhunter........We all know that resource companies trading resembles yoyo movement.
After paying some 4.4 billion for Voisey bay it took Inco less than a year to have total cap
less than that amount.
We also know that Cliffs is in big trouble because of low iron prices. But to write an obituary
is way premature. Hedge funds are no friend of us investors. They are the reason why
stocks like Noront, KWG and many others are trading at these depressed levels.
Your desire to see Cliffs finish may come with some collateral damage to your own
investment.
GLTA,
Fossil
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