RE: RE: RE: RE: RE: RE: RE: RE: What if the PEA is - All you have to do is watch CNBC or BNN for an hour to hear about how Cliffs is reeling. They are now laying off people at some projects from what I heard yesterday. Do you really think they are going to pull the trigger on an unproven mining method that would involve huge amounts of capital? I think internally they don't even have FPX on the radar.
- Cheap nickle keeps coming from Asia that continuously puts pressure on the price of that commodity.
- Anyone watch the 60 Minutes episode on the Chinese real estate bubble? Those pictures of building after building, skyscraper after skyscraper sitting empty and idea. Terrifying. This whole commodity 'super-cycle' could come crashing down very very fast and violently.
- Cliffs real focus is on the Ring of Fire project(s). Everyone knows this. There is little room for anything else for the foreseeable future.