Earlier this year, Cliffs had acquired the chromite assets of Freewest Resources Canada Inc. for about $221 million (C$240 million). These included a 100% interest in the Black Thor and Black Label properties and certain non-core gold assets. We believe a longer-term potential diversification into chromium, which is sold to the stainless steel sector, could contribute about 29% of Cliffs’ total operating profits by 2015. We maintain our Outperform recommendation on the company.

See that is the wagging finger in our faces. They already see in a few years having 1/3 of their total operating profits to be specifically contributed to their coffers by CHROMIUM!! 1/3 for years......

If that isn't a full colour snapshot of how bad their offer is I don't know what is..

If someone had more figures or insight I'm sure we could figure how much of this 1/3 is coming from ROF since this is a new diversification plan for cliff's I'm sure they are seeing us as a big part of that 1/3....

Ya, put a price tag on that Mr. Cliff.

D