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)

Free
Message: Cliffs CEO sees no hope for Ring of Fire!!
Reply New Message
Prev Message Back To Forum Threaded View Next Message

ATech,

Before the PP which is still not yet closed CLF is the biggest shareholder of KWG @~14%. After the PP, this would be reduced to ~11.5%, while the subscribers(s) of the PP would hold quite a fair bit, something like 19%. If the wts are excercised then the PP subsriber(s) would hold ~28% and CLF would hold some 10%.

Maybe, just may be, this is Frank's way of minimizing CLF control and at the same time getting acquainted with some new wealthy friends?

goldhunter

3 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply