This is just a thought but if Cliff's is successful in gaining control of FWR, current FWR shareholders will get an equivalent number of CLF shares which trade in US dollars and your actual exposure to the RoF is greatly diluted. Most FWR shareholders like what they see in the RoF and want as much exposure as they can get so what would they rather have, CLF shares or NOT shares? Is it inconceivable that if the deal goes through that the majority of those CLF shares get sold and we see a large number of buys going through to pick up RoF exposure through NOT?

From where I stand, NOT is still looking good both in the short term and long term. Lets not forget that the 43-101 could be out any day as well, maybe after hours?