Cliffs (directly and tru its off-shore arm) holds 19,4% of KWG, if all warrants/options have been exercised.

KWG owns 100% of Canada Chrome Corp which now have all non-diamond assets and claims + interests in the railroad projets

KWG also owns 100% of Debut Diamond Inc, which have all diamond assets and claims.

SPQ owns Chromite, and non-chromite assets all together (Nickel, zinc, diamonds, Wawa-...).

The best outcome of these negociations (if any...) for us would be that CCC end up with SPQ's Chromite assets and DDI end up with SPQ's non-Chromite assets .

The reorganization would look something like :

1- SPQ creates a subsidiary in which non-chromite assets are rolled over (SPQ-Diamond)

2- SPQ creates a subsidiary in which Chromite assets are rolled over (SPQ-Chromite)

3- Distribution of DDI and SPQ-Diamond to respective shareholders (20:1/15:1 or any ratios according to respective value)

4- Cliffs buys out SPQ and KWG for cash (13 cents?)

5- DDI and SPQ-Diamond merge and go public.

6- CLF merges its new subsidiaries, SPQ and KWG

(Note that UC will be then in JV with CCC... A next target, sooner or later...)

I would buy that outcome anytime. Forget about jaydeed dreams for a multi-billion dollars SPQ. Stay tuned.

GLTA.

BaBe.