"...by virtue of KWG owning 30% of Big Daddy, could there not be some legal recourse where they could insist on proceeding with development, with CLF being forced to participate, or be reduced to an NSR"

Hi K! I already brought this very question after the 'I'm tired!' SPQ-Cliffs coup! Dunno if such a recourse may be available. And if so, it could only be a damage recourse - not an injuntive relief. Or at the most a forced buy out of the JV minority share by the majority partner could perhaps be ordered. And don't forget that Cliffs owns a 17% position in KWG! A big chunk in a public corp. stand of view!

Again, Frank Smeenk is obviously not a rookie, Cliffs is now aware of this more than ever. And he has the personal goal of monetizing KWG's assets before his farewell party! And by chance he is shareholders-oriented! So expect something soon... Oh by the way... Is it scottish blood running in his veins???!!!

GLTA