Incredible. I can't believe someone thinks we are dumb enough to swallow this rant! When will the Truth unveil in the news???

Mr Cliffs: you decided to mine Black Thor first less for the open-pittable quality of the deposit than for tactical reason. When you made your bids on SPQ/KWG, you said publicly that their only significant assets were their minority RoF JV assets. Hence, you buy one, you get one free! Or at worst, pick the other from its own ashes later...

And, as you want us to beleive, if choosing Black Thor had nothing to do with the presence of KWG as a partner, then why didn't you accept to trade your partner's its Big Daddy 30% share for 30% in Black Thor? No. You instead chose the coward way, trying to expropriate its claims to capitalize your wholly owned Black Thor mine. Hypocrisy at its best! Wow! I bring you back, Mr Cliffs, to what you said in May 2010:

"Cliffs currently owns a 47% interest in the 'Big Daddy' chromite project located in the McFaulds Lake area of Northern Ontario. KWG and Spider each own 26.5% of Big Daddy and have the option to earn-in up to 30% each. Cliffs' objective, which can be achieved by acquiring either KWG or Spider, is to obtain majority ownership of Big Daddy.

William C. Boor, president of Cliffs' Ferroalloys business unit, said, 'While we intend to provide each company's shareholders the opportunity to receive a significant cash premium, we only need to acquire either KWG or Spider in order to satisfy our strategic objectives with respect to the Big Daddy deposit. It would be a satisfactory outcome for Cliffs if either proposed acquisition were successful, leaving Cliffs as majority owner and operator of Big Daddy with one junior partner. Preliminary estimates indicate that our wholly-owned Black Thor deposit is larger and wider, making it more amenable to open pit operations than Big Daddy, so our current plan is to develop Black Thor and our other wholly-owned Black Label chromite deposit first. However, obtaining control of Big Daddy would enable Cliffs to develop the most appropriate integrated long-term mine plan for moving this new mining district forward.''

Easy to read between the lines and clearing up your hidden agenda : we will mine our deposit first and let KWG dry out! (And we reserve the right to change our mind: we could very well decide later to mine Big Daddy first if we finally get it cheap from a muribond KWG!)

Now you say loud and clear that you can find no issue and ask the Government to settle the mess YOU did put yourself in! “I think we're kind of going to be in the position of not being able to move forward if we don't have land.” Wow! Did you really believe that KWG would have allowed your trucks to go back and forth on its claims from North to South, with Black Thor ore in the trunk? Do you think KWG would accept to be stuck with its only valued asset locked under your grip for decades?

Come on Mr Cliffs. Please! Frank Smeenk did exactly what he had to do, that is to fight your disguised expropriation request! Lucky that -unexpectedly from you - we had the money to do it from the NSR sale! The Mining Commissoner refused to perform the dirty job. Now it remains to you to act like a responsible partner... Moaning publicly is no longer an option! You made a wrong move, Mr Cliffs. The clock is ticking you say? Just behave now! Quick!

GLTA.