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: KWG Might Buy Cliff's Ring of Fire Properties

Glad we got that straight, the province will go it alone.

It is such an obvious and specific error that it makes me wonder why. We can likely agree that Frank Smeek leaked this and chances are Cliffs was not aware that it was coming out. So Cliffs senior mgmt will be made aware of this article and likely see copy as a matter of course. And they will see the red herring: 'provincial funding contingent on fed funding' = No Funding = Delays = Asset value discounted more. Frank is shrewd if nothing else.

Maybe this even does enough to keep other suitors from taking time for a 2nd look. Given Harper's relation with Obama admim over pipeline , maybe Fed funding after Cliffs is out and all Cdn ownership in place and Harper gets some negotiation leverage out of this enormous NA chromite find that is considered security critical by US admin. Scenerio good for both Noront and KWG, imo. Fun stuff.

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