Sum4all, your house annology is not only invalid but inappropriate, imo.

I compared a neighbour's assets to ours. Practically apples to apples and not apples to bricks. If there is any invalidity in that it is that we are only partly in chromite and mostly in other metals and perhaps also due to Cliffs having an incentive for going after the largest chromite deposit.

Cliffs paid five times for what the market was giving for Freewest and now a valuation surfaced of 20 times. I used an in between number of 10 and applied to Noront recent low price to present a possible hoped for price.
What is inappropriate with that?

So we are not all chromite, but nickel is a necessary metal in steel production also.

Finally I would think that no one would say that it has to be Cliffs to be interested in us. There are other possible parties that may be interested in us for other reasons, also paying premium price and perhaps be willing to sell off or partner up on assets not of main interest to them if necessary.