Amazing how all these news stories coming out recently dance around the the fact that Cliffs tried to blindside KWG after taking out SPQ and attempting to mine the lower grade Black Thor deposit over the Big Daddy deposit.....not even one mention
Even before this, when discussing the ROF....all we heard was Cliffs, Cliffs, and more Cliffs.
Where do things stand now?
Cliffs could:
1) take another run at KWG
2) make a deal with KWG to mine the Big Daddy deposit in exchange for use of surface rights
KWG could:
1) wait for Cliffs next move
2) proceed to prove up the Black Horse deposit
3) make a deal with NOT to mine the Black Horse and that portion that runs onto NOT's land....in exchange for surface rights to build their road/share rail access
I welcome comments on what others think comes next
I'm also curious about others comments relating to the lack of discussion around how Cliffs could have made a deal with KWG to mine the Big Daddy deposit first, but instead chose to pursue their 100% owned Black Thor deposit....and then expected to encroach on KWG's surface rights.