When CLF was in 40s before Q3 results, it was rumored that some big player was in talks with CLF for takeover. Maybe the talks were real and are still going on. In my opinion, as largest iron ore player in North America and holding two projects (Bloom Lake and Ontario Chromite) with big potential, CLF is a good target for big players. Price? Likely in the range of $45-55 in case of a take over.