IMO, Cliffs has already suggested offering up their ROF claims behind closed doors with Noront, hence the deal for their camp as a gift of good faith. Cliff's battle here to regain shareholder faith and Casablanca's favour will only come once they return to core assets, quit trying to spend money they don't have and finally let go of their claims in the ROF. If NOT has confidence in their own EA then shortly after the election when the infrastructure is finally inked, or not, will be when NOT goes to Cliffs with their cheque book in hand to make an offer. That is, if an offer has not been tabled by the two already, at least to allow for a mulling over by the CLF BOD before the other suitors come a knocking. All IMHO. TM.