Do not be lulled by the lack of noise from Cliiffs. Their soft walk should not be taken as indifference. And they are the only declared party with both a significant interest and the financial resources to move forward with no input from NOT. That could possibly hurt NOT sp short term, but is good long term. Conjecture of a secret agreement between NOT and CLF at this point makes no sense. I expect at least one counter and potentially a bidding war. Presenting NOT as an altruistic public interest consolidator helping Mac to early retirement defied common sense.

With respect to the SNC assignment, anyone familiar with developments such as Ambatovy will shrug this off to posturing, presumably for the retail market or government relations purposes. Detailed engineering would use our entire treasury several times over especially at a time the exact mineable resource(s) has not been defined. Why the sudden urgency ?