The ball is now in Cliffs court. Everyone is watching with anticipation. We will soon get a release - probably by early next week as to when the drilling with take place. Such drilling will be somewhere near the end of August beginning of September.

I would not be surprised seeing a takeover bid offered on the Friday before the Labour Day Weekend from Cliffs. It will be characteristically a "Cliffs offer" read "low ball" - and after a few more fits of posturing they will come up around 50% of the low ball and expect us all to play dead.

Alternatively, they come in with a ringer of an offer first go - but given FWR and SPQ that is highly unlikely - they are smooth operators.