RE: RE: RE: "In about a year's time" Personally, I would love to see Cliffs delay the PEA. Much of the buy thesis on this stock is predicated on the actions of Cliffs and what we can infer from them. If Cliffs delays the PEA I believe we can infer they are trying to keep the share price on FPX down as long as they can. Does anyone know the legal ramifications of such a delay? Does Cliffs just maintain it's 51% interest or is there a clause in the JV agreement that determines what happens to ownership at Decar after failing to meet the PEA milestone?