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: KWG Might Buy Cliff's Ring of Fire Properties

StrategicM

It's getting more interesting. At least, KWG can get rid of the ~14% CLF holding and the 70% BD deposit (KWG already has the other 30%). BT can be thrown in as part of the deal.

>>>Edgy: The CLF exploration camp is more valuable to NOT than KWG due to its proximity and perhaps for the initial period if/when NOT decides to start building the Ni mine.

If KWG is in the position (i.e., eventual buyer of CLF's property) to develop BD (BC, and or BT) then it would need/prefer to build a new mining camp as part of the entire mining complex. IMO, Frank would develop BD and BC first.

To save money KWG and NOT may team up to build a new air strip and accomodation facility for the worker on the bank of the Muketei River as originally planned by CLF.

Surprising to see Bill Boor is still kicking around at the new CLF. Thought that he has been shown the door.

goldhunter

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