Yes It was Credit Suisse analyst that made the comment. It has been stated twice on BNN this AM

Cliff's value is anywhere from $10.00 to zero and possibly a $1.00 value.

I went to a news clip and this is all that was written.

Credit Suisse analyst Nathan Littlewood, who also sees a looming pellet surplus in the Great Lakes, said Cliffs may need to consider "drastic solutions" to shore up its balance sheet in the next 12 months, from selling iron ore assets in the Asia-Pacific region to a multibillion-dollar equity offering.