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: China's Baosteel Group Plans To Sell 40 Pct Stake In Steel JV

If they intend to produce stainless steel in Canada why would they not have had more of an interest in Cliff's ground? Like someone else suggested maybe they are taking a wait and see attitude with respect to infrastructure? The truth should come out when the loan to Franco-Nevada comes due. If they are serious about stainless steel I would think they would pay off the loan for Noront and not let Franco-Nevada get their hands on the chromite.

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