Cleveland Cliffs Inc (CLF)

[Saving Grace]

They already announced it in Oct.

DRI trial on track; viable long-term commercial production will depend on market conditions:
The Company completed the production of its first trial round of 60,000 tons of DR grade pellets at North
Shore in Minnesota and are shipping the pellets to customers’

I'm not sure if I can give this out but it's already been made public anyway by somebody else.

http://www.pressprich.com/PressprichWeb/FilesResearchReports/3933C.pdf

Dew that list of ships are for real and I have been saying that Cliffs has been hiring from the bench at the pellet plant and keeping a lid on it.

Gonclaves was bluffing when he said they might not invest any time and effort into DRI when he knew full well that CLF was going full steam ahead with it as DRI is the future and he knows it.

Those ships were heading to electric arc steel makers in Ind. and Ohio and back and have been going around the clock since mid Nov.

You can literally track the boats on "BoatNerd"