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DewDiligence

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DewDiligence

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Re: sts66 post# 2556

Wednesday, 02/15/2017 3:38:19 PM

Wednesday, February 15, 2017 3:38:19 PM

Post# of 8671
Yes, CLF and MSB are joined to the degree that MSB earns larger royalties when CLF has higher sales proceeds from the Northshore mine.

But that’s where the similarity ends. MSB is simply a royalty play, while CLF is a complex business with multiple customers and a leveraged balance sheet (although considerably less leveraged than it was before last week’s financing transactions).

p.s. Welcome to the board.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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  • 1M
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