McB,All your comments are also fair and reasonable.The truth is...

McB,

All your comments are also fair and reasonable.

The truth is that no matter what, should we continue to do business with Timeone/SS&T there will always be that lack of trust.

I think the interesting wildcard is Cockatoo. The available DSO and potential expansion opportunities will attract a different group of investors than Irvine ore reserves alone would.

Timeone initially came to prominance as they had the end user contacts in China to take and beneficiate the ore. As a stakeholder in PLV it's still in their interest to do that.

Cliffs have a 20% stake in PLV so it's in their interest to see the project proceed and succeed.

And finally, yes, I am a LT holder and therefore an optimist :-)

Cheers,
Snagger