Yesterday, I almost walked into a tree. This is not the first time.
I am seeing some dots. I'm thinking about them and not paying attention to the trees as I walk about.
(1)I saw this news release a week ago. With ROF infrastructure announcements around the corner, I thought of the timing of this cooperation deal by Baosteel who is a significant Noront shareholder.
http://www.steelorbis.com/steel-news/latest-news/baosteel-inks-cooperation-deal-with-china-communications-construction-704307.htm
(2) I took a little peek into China Communication Construction and noticed Morgan Stanley was an early investor. I highlighted Morgan Stanley for a reason.
(3) Then, out of the blue, I start thinking about this news release from a while ago :
http://www.sudburyminingsolutions.com/webequie-eyes-ring-of-fire-opportunities.html
In particular I was thinking of this sentence:
Webequie is also one of several First Nation communities that have had talks with representatives of Sinocan Resources Corp., one of several Chinese-owned exploration companies operating under the umbrella of the China Mining Association of Canada. Sinocan has staked a large number of claims in the Ring of Fire and met with Webequie and other First Nations last summer prior to conducting exploration activities.
(4) Sinocan is a subsidiary of China Resources Cement Holdings. You will see that China Resources Cement Holdings has Morgan Stanley and Credit Suisse listed as directors.
http://www.google.ca/url?sa=t&rct=j&q=china%20cement%20resources%2C%20sinocan&source=web&cd=4&cad=rja&ved=0CEkQFjAD&url=http%3A%2F%2Fwww.hkexnews.hk%2Flistedco%2Flistconews%2Fsehk%2F20090921%2F01313_637862%2FE127.pdf&ei=jTgtUMG4OI2I0QGQy4GwDw&usg=AFQjCNESIuhUysWzb_-meez06XmfjMBaLA
(5) So, I'm thinking about JP Morgan along with IBK Capital being Noront's financial advisors and thinking about good old Morgan Stanley popping up here and there.
(6) With's Cliff's job announcement for Northern Ontario...it appears stuff is happening.
(7) On the topic of Cliff's I am thinking of a few things. I am seeing a current P/E ratio of around 4. This is nuts. Rio Tinto's P/E ratio is almost 21. Stocks in this industry group are averaging 15!. Cliffs share price is a BIGGGG Bargain.
Combine Cliff's insanely low PE ratio and think back to what was said by Cliffs on ABC eyewitness news, shortly after the buyout of Freewest. Cliffs said , " by purchasing this little Canadian company it will allow us ..one the mine is open ...to increase our revenues by 50%."
(8) So, is Rio going to make a move soon...and light up some fireworks in ROFVILLE?
I say this because Cliffs is cheap and will be insanely cheaper the closer they approach development in the mine. Also I am still wondering why the CEO of Rio Tinto was in China the SAME time Mcguinty met with the Chinese on the topic of Chromite (Nov 3-4, 2010). I am also wondering about why three weeks after the Mcguinty Chromite China trip...Rio Tinto announced the opening of a 5th center of excellence in mining innovation in Sudbury. Do you remember the 10 million dollar investment? All coincidences?
(9)And look at this news today...
Morgan Stanley Analysts Begin Coverage on Cliffs Natural Resources (CLF)
Posted by LUSA Staff on Aug 16th, 2012 //
http://localizedusa.com/2012/08/16/morgan-stanley-analysts-begin-coverage-on-cliffs-natural-resources-clf/
============================================================
The merciless slaughter of the Noront share price, coupled with so much recent intriguing activity has the senses tingling. With Noront's feasibilty soon to be out any minute any day...combined with other juicy condiments dotting around..I feel dazed and perhaps will wear a helmet on my walks.
