Hey Cappy,

I am not sure if I am knowledgeable or smart enough to answer your questions, but I can offer this... if market cap=683mil shares X $0.09= $61.470mil and if KWG distributes approx 41 mil shares of DDI which are projected to launch at $0.30 = $12.294mil., then I would conclude that your first assumption is not correct. (DDI does not = 6% of KWG market cap).

Your second question, would then be affected by this result. I have read some speculation on the possibility that KWG's SP might suffer some downward pressure following the issuing of the special dividend, (15 to 30 Dec 2011) but I personally would entertain the notion that news might be released wrt to DDI assets to coincide with the distribution, as a strategy to support both KWG's and DDI's share price going forward.

As for the splitting off of CCC...I have no knowledge of that in particular but I do have to wonder how the transsfer of that specific value to the FNs, will be executed and how it will impact KWG's (CCC's) balance sheet and SP.

Finally...wrt to the sp going forward...my personal opinion is that there is a lot of value imbedded in the KWG umbrella of companies, and it is my impression that the SP will be affected either positively or negatively, based on the sequence of events which take place and how those events are percieved by the shareholders and the potential buyers looking to get in.

I do know for sure that either scenario...1. take over by Cliffs (or other) before or after 01 April 2012 and, 2. transition into partnership with Cliffs on BD, will most likely show significant returns for shareholders of KWG, Cliffs and all other companies who own the rights to assets of commercial value in the Ring of Fire. I also think that there are possible suitors standing on the sidelines, waiting to see how it all plays out, so as to play it to their advantage.

These outsiders (institutional investors) may be bound by rules, policies or strategic objectives which dictate which equities they can invest in and others (larger and/or state owned companies) may be in a position whereby they can afford to wait in an attempt to tradeoff short term pain for long term gain and secure the respources vs the monetary value.

Just MHO...do your own DD and make your own investment decisions...opinions and disussion welcome...

Best of luck to all KWG and DDI longs,

LP