Cleveland Cliffs Inc (CLF)

[Saving Grace]

I'm long. I was in and out early trying to call the right bottom based on world exchanges and currencies, especially when Australian currency rides on iron ore.

$3 was my call and I entered in 5k shares and filled at $2.88

What I know being located in the middle of the Marquette Iron Range is that Cliffs will make the turn around of the century. Gonclaves doesn't want too much out of the bag before it's time in MN.

Smaller mines will actually be saved by Cliffs assuring their success as Cliffs leads the U.S. Steel Mill markets as the leading and most worthy supplier with the best product for the buck as shipping costs are cut in half while the cost to produce drops significantly each quarter.

In the mean time there will be far greater positive impacts including but not limited to, new trade sanctions and tariffs (Always occur during POTUS election cycle) Commodities pricing and Australian dollar value.
Supply and demand as world production declines. Current Steel dumping lawsuits. As well as new processes being unveiled. CLF cuts across the board reduction in head count for all non production positions.

I figured anywhere around three is good enough as a bottom for me as I expect CLF to rebound over $20 and possibly even $50 in 2 years with all that's going on.

The head count reduction and cost to mine per tonne is enough to see $20 in a year or less. All in my educated opinion.