RW you state,

These JV that are being cancelled, maybe that is because Cliffs doesn't want all these tiny companies being involved. The few number of companies involved the better, for everyone, even us little retail investors.

This may be true in concept but certainly not in Cliff's Practice. Think about it, if Cliff bought-in KWG for the ROF play, KWG has proven mineralization only on a property it is in a 3 way joint venture with, FWR and SPQ.

Not to fight but to point out a fact.