I have to agree flyby. Cliffs, as operator, has final say on what work is done on Big Daddy... or if any work is done at all. If they chose not to commit further work on Big Daddy, KWG would have had to give them the $2.5 million in cash to receive the remaining 2% interest. At least now the money will be used to improve Big Daddy's value. The fact that Cliffs wants to further define the open pitable portion tells me they haven't given up on mining Big Daddy first. If their plan was firm in mining Black Thor first, there'd be no rush in doing this current work program.

SRV