Well, as I have said before, Cliff's are very good at what they do; typical David and Golliath story unfolding here and I do wonder how it will end.

So Cliffs owns with the support of MineralFields 18% of Spider leaving 3.5 held by Spider BOD's for the total of 21.5%.

"Lock-up With Spider�s Largest Shareholder

Cliffs� lock-up agreement is with Toronto-based MineralFields Group (�MineralFields�), Spider�s largest shareholder. MineralFields owned approximately 13.8% of Spider�s shares outstanding as at the record date of June 4, 2010 for the special meeting of Spider shareholders to vote on the Merger. MineralFields has agreed to tender to Cliffs' Revised Offer and to vote against the Merger. Cliffs currently holds approximately 4.2% of Spider on a fully-diluted basis. In aggregate, Cliffs, Spider directors and officers, and MineralFields, through ownership of shares, options, and warrants of Spider, own approximately 21.5% of Spider�s shares on a fully-diluted basis."

So, what about the other large shareholders? And what exactly did Cliffs offer MineralsFields to sway them? Are they happy with the .19 cent offer? Appears so. Is it possible that Mineralfields has access to the valuation of BD? So what is the deal?

Cliff was ready with their NR almost immediately after SPD/KWG's NR which must have been firmed up well in advance of same. Cliff knows what they want and how they will get it and I wonder what SPQ and KWG's response will be to their latest offer. Better be soon to prevent Cliffs selling KWG on the market come Monday morning. NN needs to get his so called other interested party that he eluded to on the BNN interview to present themselves very soon or Cliff will bully them selves into owning the BD deposit. Cliff is good. Damn them!