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: Cliffs results - 3rd quarter

I do not know about any of you here, whether any are Cliffs's stock holders etc., I am not nor ever was.

But all I heard up to now was talk of write off, now it is filed and very official.

As I see it Cliffs can now be seriously considered as a past entity and not just on hold with regard to the Ring.

That means that their remaining Ring property has to be up for sale. No I do not think there will be a For Sale sign posted but they will be or are looking for offers from potential buyers.

So KWG, Noront and whom ever from the low cap companies need to look for partners or some other means of financial support to partake in this fire sale. It is insufficient imo for KWG and Noront to just join forces. Additional financial strength must be needed.

Just looking a couple of years back and I was afraid that Cliffs could or would buy us. How things turn about.

The time is ripe and we live in interesting times. Ed.

p.s. Just noticed Babiak's post, Thanks B.

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