I agree with your opinion. I believe Cliffs already has an idea of what this chromite is sitting on top of !!!! Don't forget the fear/greed....fear of someone else finding out what is in the ground and the greed of getting it under control. Just like the foothold Cliffs has in KWG...First point Minerals...etc. They do a tremendous job of positioning for takeovers...ie: Wabush. Oh yeah they were not even invested in Freewest.....and their hand was forced....without hesitation!
I wouldn't be surprised to see a buying spree from other majors to lock up mineral resources. I believe if they don't Chinese companies will !!!! They will lose control of their customers who will "buy direct".
.....IB