Cleveland Cliffs Inc (CLF)

[Saving Grace]

Indeed and history just repeating itself. They had to stop the bleeding again just like the past before countries become insolvent.

Brazil is on the brink of a revolution where military action is likely as their depression is now overwhelming where life and death choices are now being made. (No media attention or very little) What some do not realize is Brazil is the largest shareholder of VALE who some believe shot themselves in the foot over producing with Brazil national interests at stake. VALE is also the second largest Nickle producer in the world. The focus was being put on Australia as Iron Ore is it's key commodity to their dollar strength where other countries are suffering even more with revolutionary war on the table.

Question is, how much production was stock piled with the cost going towards the last 10Q? It's going to get seriously interesting around here.