Great post,great questions. One could develope a number of possible scenerios on a matrix basis ,and almost any of them could be plausible . My gut tells me that Cliff wants to go for all of KWG and then Cliff will go for PRB's chromite lands. I kind of think NOT and BMK may do a J/V,possibly along with UC. Could be an outsider coming in here also or HUB may be the key player. JMHO. I have invested in most all of the ROF companies,with a higher concentration in NOT,KWG,PRB and BMK. I am leaning to move more funds into NOT and BMK. IMO,both will surprise to the upside. Just my thoughts: all readers do your own DD.