While the stock has not done well recently , there is really no basis currently to believe it is being manipulated. Rather, it more likely reflects the market conditions and sentiment for this type of development. We are more potentially bound up in a bit of a liquidity/dilution trap, where short of a JV (which is not in the vision) the company will take increasing dilution hoping to strike larger and larger resources. Because it is already a billion dollar proposition for anyone to acquire and develop, we are down to a small handful of potential majors, none of whom is currently hot-footing to very long term developments with high infrastructure needs. They will be motionless until the Aussie thing is sorted out.

Even the assumption that CLF will actually move quickly with infrastructure for Cr needs a reality check. The current meltdown has now provided CLF (and other majors) with even better opportunities for its cash flow , including repurchase of its own stock. Absolutely risk free. We need to constantly adjust to a moving playing field regardless of the resource promise. The majors are getting very nervous about long term western investments as taxes go up.