The Rising Influence of Rising Affluence

[jbog]

Democritus,

If Goncalves succeeds in divesting or mothballing the non-US properties, then I believe investors will start wondering what growth opportunities are available to CLF

My big question or fear is with Goncalves selling any assets in such a depressed market, no matter at any reasonable price can Cliffs ever support
it's $3.5 bil debt? I'm estimating they would be lucky to garner $1.0B with the sales so how could they ever support the $2.5 billion of debt left?

That seems to be a lot of debt to cover when their NA sales are running in the low 20 million tons at a cost close to the $70 range.

Let alone buy $200m of stock.