OTCPK:NOSOF - Post by User
Comment by
Woodporteron Jan 28, 2011 3:05pm
185 Views
Post# 18042244
RE: Cliffs / 99 Capital Corp
RE: Cliffs / 99 Capital CorpI often wondered about the idea of Cliffs buying Noront. I doubt Cliffs sees the Noront deposit as large enough to add nickel to their list of materials to supply the steel industry. Traditionally, they look to secure large reserves to be a reliable supply for decades. This is what got them interested in the chromite up there. That is what motivated them with the purchase of Consolidated Thomson Iron Mines.
At best, I see them interested in Noront as a resource to help support the large costs of laying in a railroad to the Ring of Fire.