"I want to emphasize that the transaction with Cliffs guarantees value of C$0.90 per share on closing", added Mr. Watson. "Cliffs' proposal provides not only a higher value, it is also far less volatile than Noront's hostile bid, which offers a fixed ratio of Noront shares and warrants for each Freewest share as consideration, and therefore a fluctuating value."

Gee whiz, really? Phew, because I thought all junior miners were not volatile. Almost lost my shirt, Mac. Thanks!!

What a joke this offer is. This is a complete ruse. Mac must be begging for them to up their offer. They don't want it.

My opinion? This is exactly why NOT has held their cards close to their chest this whole time - as per Glorieux's comments along the way. NOW, we can uncork the results - hopefully get the SP to where it is and I believe the choice of to tender or not will be obvious.

I would say well played but it appears as though Cliffs has got the best deal so far. Free money, cheap shares and guaranteed share appreciation in their holdings. Well done Cliffs!

All my opinion, but it looks as clear as day to me.

Brattymack