Cleveland Cliffs Inc (CLF)

[Saving Grace]

That's what I'm talking about Richard, Cliffs already has enough capital from the 160mm rebate to bail the operation out and still have enough to finish it with our sign out front.

With Essar being foreign, the state of MN knows they are already in deep and can't cover their losses already with existing multi million dollar judgement's against it so they just want it operational and Cliffs is the only one I see that is both qualified and prepared to make it work.

Who knows, MN may not even require a full bail out on Essars debt as most of the funding was put into infrastructure that will still serve it's purpose.

I think Gonclaves had his eye on this from the start and that's why he took the opportunity to visit the site himself.

Maybe I'm just babbling here but Essar is getting some static and it's getting heated up in MN about the failure with lawmakers wanting that money back and something done about it.

Check this out Rich, Minnesota is pissed and Gov Dayton wants answers tomorrow.

http://www.startribune.com/gov-mark-dayton-will-decide-thursday-whether-to-go-after-essar-steel-minnesota/360181681/