This is from Seeking Alpha about NOSOF (NOT)) Noront assets in the ROF but applies equally to Cliff's other assets that we might be interested in...

Cliffs’ shake-up presents buying opportunities for Canadian miners • 3:26 PM

• The boardroom shake-up at Cliffs Natural Resources (CLF -1.9%) has raised the likelihood that its international assets - including the Bloom Lake iron ore mine in Quebec and the huge chromite deposit in Ontario's "Ring of Fire" - will hit the market, creating some intriguing buying opportunities for Canadian miners in their own backyard.
• Teck Resources (NYSE:TCK) has been eager to get into iron ore for many years, but has not found a good entry point, and Bloom Lake might be available at a bargain price; but it is a troubled asset that has lost money, and a buyer probably would need to double production to 14M metric tons/year at a cost of more than $1B.
• In the Ring of Fire, junior miner Noront Resources (OTCPK:NOSOF) wants to buy CLF's chromite deposit, but has cautioned that it would not pay anything close to $500M, which is roughly what CLF has spent in the area.

Boxterfan