AS of this date Spider has 140 MILLION warrants outstanding at just under $.10 average. I hear that the warrant exercises have been flooding the office. This should bring in over $14M

KWG recently raised over $10M and they also have been flooded with warrant exercises. IF both merge, they will be WELL FUNDED to expand Big Daddy. AND KWG will put the NSR and railroad into another entity that will have their hand out to Cliff as they develop the area.

I think that Cliffs has no choice but to make a much much higher offer. KWG insiders just bought over 40M shares at $.125. .I think they will not settle for less then a double. I see $.25 for KWG and $.20 for Spider as being very cheap.

July Spider meeting will push Cliffs to mvoe fast.