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: The optimistic route

Correction Lar. Cliffs put KWG up to the RR and even supplied the Company to do the preliminary work on the best way forward and KWG spent in excess of $13 million to do so. The problem with KWG/CLF wanted it all at the expense of KWG and made the move on either Spider or KWG to get the controlling interest in Big Daddy. When they secured Spider they then told KWG they would mine Black Thor first and leave The better deposit, Big Daddy, in the ground to try and freeze KWG out. That is when Cliffs got the bright idea to run monster trucks non-stop 24 hours a day to move the chromite. I might add, with the blessing of the Liberal Govt. who made many questionable moves to aid Cliffs in this ill-fated venture. rj

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