Just a thought

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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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cappysmart

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Just a thought

posted on Mar 16, 2010 02:22PM

Something to mull over.CLF obtained a pretty hefty chuck of chromite with their purchase of FWR.I started to think about the other chromite deposits in the ROF.We know that NOT has Blackbirds 1 and 2 and a jv with PRB for more at Black Creek.SPQ is part owner of a pretty good deposit at Big Daddy and FNC anticipates(yet to be confirmed by drilling a large gravity anomaly south of their C5 target)a deposit as well.Throw in a couple of other wannabees(BMK/TME) nearby and we have some serious competition to CLF,tonnage wise.We don't know what is going on behind the scenes but the longshot bet could be that the other players want to see their stakes in this play somehow get to limited production somewhere down the line.As they say,competition can be a good thing.Just a thought.GLTA.