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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: 99 million

Cliffs website states they have 561.283,742 shares of SPQ who has 660,683,773 outstanding shares, etc. My math tells me that with Cliffs claim they have 85% of SPQ as of July 26/10. They only require another 15% or close to 99 mil to complete the take-over. If KWG were to withdraw their Dissent , where would that leave the remaining SPQ shareholders? Common sense tells you that Cliffs must realize that the valuation of SPQ is certainly greater than .19, yet if the 2 KWG valuations are no longer available because they have been withdrawn, how does the remaining SPQ holdouts get a valuation for more compensation? They will have Cliffs trotting someone into court justifying their .19 offer. I am sure if Cliffs reaches a deal with KWG before the Dissent process gets to court, they will definitely not want the 2 KWG valuations to be shown to the court. interesting times ahead for sure. rj

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