StevieRay:
I'm pretty certain that Neil Novak has had at least one conversation with the folks at Cliffs. However, no deal was struck.
The history of SPQ and KWG is interesting and somewhat contentious. I won't go into it here but I think I can say quite honestly that Neil Novak and Frank Smeenk are very different people, and therefore have very different approaches to working the ROF.
The reality of the 50-50 legal situation in the ROF with KWG-SPQ means that Cliffs has part of SPQ anyway (at least I see it that way). And I think the future will see more of Cliffs in the "life of SPQ" especially when more big $$$ become involved.
IMHO
Snug