I agree that the offer is not "cup over flowing" generous; but the best way I can explain my point of view on this is with a little analogy. FWR owns a can of peaches but no can opener. NOT has a can opener. FWR feels that they should get 50% of the peaches in the can and Noront can have 50% for the use of the can opener. NOT say no way. I want 75% you can have 25%. But here is the deal.... if you go for the 75/25 split ...every can we come across including the eagle brand peaches of which i have you are entitled to 25%. I know it seems like a little up front, but the residuals from a relationship like that are pretty exciting. The alternative is to sit there and starve looking at the can of peaches or give it to Cliffs which doesn't seem like a long profitable relationship for the FWR shareholder. That I believe is why FWR 's share price jumped when Noront introduced the can opener back in October. Sorry if this analogy sounds silly or over simplified. I guess its because I am home watching PBS kids with my 3 year old. :-) Best of Luck to all FWR shareholders, you have invested you hard earned dollars and you deserve many years of healthy dividend checks.

Cheers everyone.