Cliffs

Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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MarlboroDog

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Cliffs

in response to

Forget about the little birdies, do your dd

Laura Brown

posted on Mar 13, 2010 12:50PM

It probably doesn't hurt that Cliffs went up $4.03 yesterday. That's a gain in market cap of just over half a billion dollars, to $8.70 billion.

Put into perspective, the gain in market cap at Cliffs yesterday alone, in a single day, is equivalent to slightly over five times the total combined market caps of SPQ and KWG at yesterday's closing price.