Globe and Mail March 9th weekend edition There is a good article on Cliffs in the business section. The writer seems to think Cliffs is still going to be in trouble going forward. Their current mines operate at a high cost compared to their peers. There is no mention of any junior properties they are working on. He thinks their s/p will continue to tank as iron-ore prices slide.
IMO, Cliffs needs Decar badly right now. After reading this why would Cliffs waste anytime at all moving this forward especially if their costs are low with the potential Decar mine. They would be fools to throw this away as I'm sure FPX mgmt has other JV partners knocking on their doors.
Like Alternateview says, if they don't issue PEA on time then kick them out and sign up another JV partner. We are sitting pretty good right now, it's Cliifs that is on the ropes.
Investandpray