Hi sg
Yes I agree with you, it is a long time to wait.
Cliffs is a very diversified company, here is some info from their Web Site.......
The North American business unit is comprised of six iron ore mines in Michigan, Minnesota and Eastern Canada, and two coking coal mining complexes in West Virginia and Alabama. The Asia Pacific business unit is comprised of two iron ore mining complexes in Western Australia and a coking and thermal coal mine in Queensland, Australia. The Latin American business unit includes a 30% interest in the Amapá Project, an iron ore project in the state of Amapá in Brazil, as well as a number of smaller greenfield projects not yet in production.
Cliffs has been actively executing a strategy designed to achieve scale in the mining industry and focused on serving the world’s largest and fastest growing steel markets.
Check out their web site..
This is one stock that can be played on its highs and lows.
In 2008 just as the market crashed, the share price was very close to $120.00
Also, they pay dividends.
Have a great nite
.....RL