THE PLOT THICKENS, CLIFFS RESOURCES WANTS THE CHROME, CHALLENGES Noront
On November 23, 2009 Cliff Natural Resources Inc had entered into a bidding war with Noront that had only lasted a few rounds, since Cliff Natural Resources is a much bigger mining company, with more assets, and therefore Cliffs “ friendly bid,” worth about $200-million in stock, and as of now is the only offer so far on the table. The offer translates to a very unfair $1.00 in shares of Cliffs. This rare and strategic very profitable mining opportunity in good old safe Canada, with ready markets for Ferro Chrome., a metal “crucial” in the production of Stainless Steel, 30% of Stainless Steel…Below is a attached article from “miningweekly.com” one of many interviews with Cliffs, that reiterates most of what I have outlined above, and has driven Cliffs share price from $20’s to almost $50, solely based on this FWR derived very rich revenues…
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