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 may be looking to sell Ring of Fire claims (audio)
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So someone else, with help from a Biggie (or biggie alone), can not buy the 70% part from Cliffs?

Sure they could. But the logic is that KWG owns the other 30%. So anyone with the money to start a chromite mine is not going to be very happy about setting up a mine and having to split thirty percent of the mine, and thirty percent of the revenue/profits, with KWG.

Not that KWG has the 30% share of contributing the costs of building a mine.

Mind you, if their patents all go through for the chromite natural gas reduction process, then perhaps a deal could be worked out. But realistically, that's probably something that's being done behind closed doors right now.


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