Interesting that the price of shares has not gone up more then what Clliffs has offered. If the share price is worth so much more why has it not exceeded Cliffs offer?

Is what is estimated to be in the ground along with development costs only worth this much?

I would have thought that the share price would reflect what its worth at this point. This makes me think that increases in the price now is possibly only driven by speculation rather then value.

As you can see, I'm trying to make up mind if this is still a good entry point at $0.13 or so?

:)