I do not understand how anyone could think a white knight would come in for a bidding war for SPQ. The major mining companies will be content to wait for consolidation and then swallow the consolidator whole after the risk has been taken out of the ROF. If you were a major would you buy a chromite deposit knowing Cliffs has a huge deposit and NOT also claims to be a potential producer. Would you not rather just wait and buy the consolidator.
If the Freewest shareholders had more vision the consolidator would have been NOT and I do not think they would sell out for a "Puny Offer".
We are where we are though and I bought more Cliff today. I also bought more Fancamp as I think Cliffs will want them because of the strategic location of their claims. Their cap is now only about $25,000,000 and they have other properties I am sure Cliffs would like.