Only problem is they don't use a smelter for chromite, you would need a new arc furnace that doesn't smelt but oxidizes. If Xsrata takes out Cliffs it will be at a premium which would add value to the Freewest/Cliffs deal. As it stands that deal with a 70-71 $US share prices places tendered shares to Cliffs at ~ $1.50 the premium could take that value to 2 dollars, not a bad deal, at half a billion bucks, much better than the Not deal