Cleveland Cliffs Inc (CLF)

[Saving Grace]

$CLF makes money when IO is above $65 per ton. IO is currently $160 per ton.

With Cliffs now being an integrated company, we are now our own customer for making steel which either way it goes, Cliffs wins.

Vale and BHP are the ones having problems and are tanking because they are mining in vein as their number one client is China who is 50% destroyed by flood with several dams collapsed including Three Gorges. Search China Destroyed on youtube and see the disaster. It's is China who is artificially impacting iron ore and will not report the truth.

Cliffs is not impacted by China or world events other than the price of steel which has skyrocketed. China manufacturing, steel furnaces and infrastructure including, roads, rails and even their shipping docks are out of service and can't even take a shipment will force vale to stock pile creating a false uncertainty as they would take the shipment if they could.

VALE had the worst quarter reporting and lowered it's projections and why they are tanking, together with BHP.

All around, Cliffs is in great shape and deals in long term contracts and being domestic, isn't dependent on global disasters like China.