Re: Todays MM's Games

Solid foundations. New horizons.

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Re: Todays MM's Games

in response to

Re: Todays MM's Games

Thistime

posted on Dec 03, 2010 06:01PM

The going rate/ tonne has been $12.50 / tonne

Do the math.... 8.4 MM tonnes = $100,000,000

Cliffs offer to KWG worked out to $12.50 / tonne

Why would they offer less when Palmer can bring a potential deal without NOT for about the same dollar figure as they would have paid for KWG .... with added benifit... more Chromite ore, high ground, outcrop and no boundry implications that not owning PRBs ground would create.