Could be a bit rich,IMO. Cliffs,for past 3 years has been carrying around 500 million in cash on their balance sheet. Cash throw off from operations ,as at latest June 30th Quarterly provided a net cash flow of $34 million ,after debt servicing,etc. Depending on what the 2 recent acquisitions cost them in cash,the $750 million could possibly be for replenishing thier coffers and funding of forward activities associated with the 2 acquisitions. Just my thoughts.

http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Ffinancials%2Easp%3Fsymbol%3DCLF%26subnav%3Dcashflow%26reportType%3Dquarterly%26lang%3DEN