Consolidated Thompson / Cliffs expansion plans

Consolidated Thompson released a feasibility study on 30 June 2010 to expand Bloom Lake from 8mtpa to 16mtpa.

It is stored on Canada's SEDAR - where all companies electronically lodge & store their reports & documents in Canada.

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00002239

See Technical Report 43-101  Jun 30 2010

Cliffs Natural Resources then took over Consolidated Thompson in 2011 and acquired Bloom Lake:

Whats interesting in the below press release from 27 July 2011 is that Cliffs then had plans to expand Bloom Lake to not only 16mtpa but further expansion to 24mtpa with a timeline of about 2 years for each expansion:

http://www.clevelandcliffs.com/Engl...orts-Second-Quarter-2011-Results/default.aspx

2011 - 8mtpa
2013 - 16mtpa
2015 - 24mtpa

Cliffs have already spent considerable CAPEX towards the 16mtpa, as has been stated by CIA previously.

It is not unreasonable therefore to assume that CIA could expand Bloom Lake to 16mtpa by 2H 2019 & to 24mtpa by 2021.

Meanwhile an updated feasibility study could be undertaken for Fire Lake North to include the 60kms of railway needed to link FLN to Bloom Lake's railway. A fair bit of CAPEX needed for this mine but with ever increasing income from Bloom Lake, then financing should be forthcoming.  I would expect FLN development to be based on the Bloom Lake model - QIO / Quebec Govt partnership.

Needless to say, this company has a bright future - huge resources awaiting development and a CEO who will make it happen!

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