goldhunter, regarding the valuations. They were done by KWG because the fear was that Cliffs would try a hostile takeover. They had to be immediately withdrawn by KWG as they contravened Exchange Rules and they were only visible for a very short time on the KWG site. Cliffs had nothing to do with them and this all happened when animosity arose between Cliffs and KWG when Cliffs stated, they wanted either KWG or SPQ, it did not matter which, just to secure majority interest in Big Daddy. As subsequent events proved, this was near the beginning of the battle between KWG and Cliffs. Who turned out the winner? I would have to go with David, not Goliath. rj