Cliff''s Potential Rebound

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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RepairMan

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Cliff''s Potential Rebound

posted on Apr 01, 2013 09:22AM

CLIFFS NATURAL RESOURCES INC, Thursday close $19.01, up 4 pct premarket

Analysts at JP Morgan added the iron ore miner to their focus list and reiterated their $40 price target on the company's stock, days after Morgan Stanley downgraded the stock and Credit Suisse slashed its price target.

Shares of company fell more than 14 percent to a four-year low on March 27 after Morgan Stanley downgraded the stock to "underweight" from "equal-weight" and Credit Suisse slashed its price target to $10 from $30, citing a looming iron ore pellet surplus in the Great Lakes region.

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