these guys believe your not big enough on your own to play in the ring of fire all by your selves ??? profit sharing coming to a cliffs theater real soon and what the cost to the bottom line when the natives get what they deserve ??? should of played nice ??? even these guys think that the profit that cliffs has been talking it up about will not be theirs 100 %

UPDATE: Global Hunter Securities Initiates Cliff Natural Resource at Neutral


Global Hunter Securities commented, “We look for a meaningful improvement in its profitability in 2013 as it ramps up its two iron ore expansion projects and cuts costs. Its two expansion projects were in startup during the first half of 2012 and had development costs. It is rationalizing its asset mix and disposing of three small properties. We believe management will look to bring in a partner for the $3.3 billion Black Thor chromite project. While we believe CLF shares are attractively priced, we suggest investors postpone taking a position until the slowdown in the global steel industry is fully reflected in its shares. Therefore, we are initiating coverage on Cliffs Natural Resources with a Neutral rating.”

Cliff Natural Resources closed at $45.43 on Tuesday.

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