Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Cliffs Raises 1 billion

Good morning True. I am concerned with 1/2 a billion+ shares outstanding and way to many on the ask. I am sensing a reverse split of say 1 new share for 5 current which has happened many times before in situations like this. The typical result of such a reverse split is a slight drop because it would value the new share at over $.50 which would not hold IMO. Even at 1 for 5 that's still over 100M shares.

I hope I'm wrong on this..I'll be the first to admit and rejoice!

Best regards,

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