You seem to be basing a lot of your thought (in my view) on your belief that Cliffs is the only one interested in this property. Granted there have been no obvious indications of other offers but I would have to believe there are other interests (large companies) out there that would love to get a foothold in the ROF riches.

We may even see Noront attempt a takeover to amalgamate some of the ROF assets under one umbrella. Whoever it is that decides to make a play for SPQ/KWG and other ROF companies, in my opinion it can only lead to higher bids and something closer to actual value than we saw in the FWR takeover.

Too many people know the true value of this area to let assets be picked up for next to nothing..

All IMHO - Wishing