Replies to post #3143 on Cleveland Cliffs Inc (CLF)

[Greg444]

http://www.mesabi-trust.com

I am searching for answers and am not an expert. I want, so much, for my pps in CLF to go over 40.00 like the good old days. I have heard non-expert talk that CLF may be having financial issues. Can L. G. shelter Cleveland Cliffs assets in Mesabi Trust and keep mining on the Iron Range in Minnesota?

[sts66]

You own CLF but don't know what the Mesabi Trust is? They're almost the same company, joined at the hip - CLF gets every ounce of iron ore for US operations from MSB, so any problems at MSB equal disaster for CLF. I own both - MSB is currently very undervalued, based on expected next quarter dividend of ~ $1.19 it should be trading in the $30's instead of at $21.