Snug: "An important point here (and it was made clear by Neil) is that Cliffs Natural Resources is privy to all of the numbers. However, it's also making its own independent evaluation. (This is a dangerous shark - IMHO.)"
That is the question I really wanted answered, thanks Snug.
I certainly don't see the correlation between the 43-101 and a bid from Cliffs then. I had hoped the numbers would expedite the timing of the bid and the figure.
If they are doing their own evaluation, the question would be how much longer will it take their team to compile the data once a formal release is made form SPQ.
Do they even need our data, I would think to re-evaluate the data they have and to discuss/interpret any discrepancies.
Just tossing thoughts around..and buying the dip.
GS40
