Is that why the stock was trading at $40 when iron ore priced at $90/t? Before you post this nonsense of $2.90/ton do some research. I recommend you check the Trefis report on CLF if you have access to it. CLF is extremely undervalued now. It is like FSLR of last year. I remember some idiots putting $9/share 52-week price on FLSR just 6-8 months ago when stock bounced off its lows and trading around $20/share. FSLR was a no brainer and made my 2012 along with SRPT. Now I am looking forward to CLF and TC to make my 2013. You are on ignore by the way along with other shorts who posts nonsense to scare traders and weak hands.