Cleveland Cliffs Inc (CLF)

[Swine Pablo]

Thanks for posting that.

I am really hoping that they did significant hedging for 2017. Although with most of their pellets going to one customer that might not have worked? At least for the USIO. Anyways I am keen and hopeful to hear that they did.......I sure as heck would have!

The dividend should be a no-brainer if they extra money from Wabash and from earnings.

And yes, the Mesabi property is looking more and more hopeful for CLF with these depressed IO prices. Any other company would be nuts to try this project.

What we really need is for Seaborne IO pricing to stabilize, even if it is in the low 60's.

STLD reports tomorrow. I will be listening for their thoughts on HRC for 2017 and on their guidance. This will give us some insight into what we can expect from CLF.

Paul