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: Cliffs CEO sees no hope for Ring of Fire!!

Hello Rosehill,

"Lourenco Goncalves, 55, said in an interview Tuesday that he has “zero hope” that a solution will be reached to spur on development in the region anytime soon."

The above quote says tow main things:

- "Zero hope": Somehow this sounds worse than "no hope" (just my perception).

- A jab at the Ontario government again, just like what the "old Cliffs" said, for its in-action. Without the infrastructure and some reasonable prospect for smooth sailing over the FN and EA waters no major company would step up to take on the risk of a mine development project in a middle of nowhere with no infrastructure to transport the stuff out for further processing or direct sale of the ore to the world.

What we need is a mover and shaker to take charge of the RoF, not just a talker going around around in a small circle (to to be double sure, perhaps triple sure) that it would be done 100% right) does not advance the future of the RoF beyond that circle.

goldhunter

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