It was driven primarily from actual shipments of pelletized ore since that was about 90+ % of their business at that time. Iron prices were high. CLF could blow way past that mark in the next couple tears with higher iron shipments, major additions to met coal revenues , and a generally much expanded operating base. This company has been quietly building that base and will be a more diversified metals miner going forward. It will have a home for all the Cr from day 1, even though that is well down the road. Expect to see them involved with Nickel as well. The current volatility is all about fund trading, but those short trading folks may get a nasty surprise the first time CLF puts up a blow-out quarter. They are just getting a taste of it now.Because they are both making money and have a lot in the pipeline, they are said to be quite attractive as a takeover and do a great job publicising adds to shareholder values. They have substantial past experience operating in Ontario and Quebec.