DRA, you noted the comments from Gonzalez about the rail. Specifically, “The acquisition was made based on the belief that a connection,a railroad would be built between the Ring of Fire and the south. That railroad never materialized. And at this point in time there is no hope that it will materialize… So without infrastructure there is nothing we can do over there.”

Remember that originally, many years ago, Cliffs and KWG were partners when they decided to study the feasibility of the railroad. This was before all the bad blood that came about with the initiation of the SPQ takeover.

So actually, it's not really a slip of the tongue at all, or revealing their background plans. Cliffs was an insider and had a seat on the board of KWG at the time the decision was made to fund the initial study with Krech Ojard.

Here's a link to a PR from September of 2009. Remember that the aborted takeover of KWG by Cliffs, and the successful takeover of Spider, didn't start until May 2010:

http://kwgresources.com/news/2009/index.php?&content_id=192