I'm trying to figure out the implications of the CLiffs creditor protection with respect to their iron ore properties in Canada....and whether that might have any implications with respect to their ROF holdings....so, I was looking at the transaction for UC...

"On November 10, 2011, UC Resources announced that it had entered into a definitive agreement (the “Purchase Agreement”) with Freewest Resources Inc. (“Freewest”), a wholly owned subsidiary of Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) (“Cliffs”), for Freewest to acquire 100% of the UC owned 55% Joint Venture Interest in the McFaulds Lake area property (the “Joint Venture Interest”), subject to and in accordance with the Joint Venture Agreement dated as of July 26, 2011 (the “Joint Venture Agreement”) between KWG Resources Inc. (“KWG”), Cliffs Chromite Far North Inc. (f/k/a Spider Resources Inc.), a wholly owned subsidiary of Cliffs, and UC Resources."

.....and these were the payment terms...

"The deposit amount of $850,000 was received by the Company from Freewest on November 9, 2011, and, because of the pre-emptive right exercised by Cliffs Chromite Far North Inc., the balance of $5,150,000 was received by the Company from Cliffs Chromite Far North Inc. on January 6, 2012"

In the most recent transaction with Noront....

Noront Resources Ltd. (“Noront”) (TSX VENTURE:NOT) has entered into an agreement with Cliffs Chromite Ontario Inc. (“Cliffs”) to acquire its exploration camp at McFaulds Lake.

....so not likely there is any connection between the subsiduaries controlling the iron ore and those associated with the ROF...besides sharing the same parent corp

With respect to the ongoing battle with KWG over surface rights....they have given up on the environmental assessment and sold off their camp to Noront....so I think it is safe to say that battle is over. However, KWG has not fullfilled the requirements of the option agreement with Bold/FNC so they have no contolling interest in any chromite property in the ROF....only about 1/3 interest in the properties controlled by the above mentioned subsiduaries of Cliffs.

What's left for KWG besides the surface rights and the natural gas technology...interest in Debut Diamonds and CCC

Another thing....with regards to maintaining land claims....with requirements to spend X number of $$ over X period of time.....any chance that the subsiduaries of Cliffs just letting that go....or the timing of such....and any possibility of a new staking rush??

Don't know...just asking.