To: Smiling Bob who wrote (13861 ) 5/5/2008 12:31:14 PM From: Smiling Bob Read Replies (1) | Respond to of 19257 CLF - estimates lowered by 30% in 30 days Should be an easy beat, but company has disappointed often Stock up 60% this year??? I see numbers have been bumped up sharply for 09 There's a reliable prognostication. Might as well ask the groundhog. -- Earnings History Mar-07 Jun-07 Sep-07 Dec-07 EPS Est 0.84 1.68 1.51 1.66 EPS Actual 0.62 1.66 1.08 1.77 Difference -0.22 -0.02 -0.43 0.11 Surprise % -26.2% -1.2% -28.5% 6.6% EPS Trends Current Qtr Mar-08 Next Qtr Jun-08 Current Year Dec-08 Next Year Dec-09 Current Estimate 1.00 2.85 11.25 17.11 7 Days Ago 1.02 2.89 11.21 17.45 30 Days Ago 1.56 2.73 11.28 14.80 60 Days Ago 1.52 2.62 10.80 14.02 90 Days Ago 1.61 2.41 10.31 12.04 North American Iron Ore North America is currently the core of Cliffs’ business. Pellets from our operations are consumed by nearly all North American integrated steel producers, and virtually 100 percent of our current annual North American pellet capacity is committed under long-term contracts. As the nation’s largest supplier of iron ore pellets to the integrated steel industry, we have the capacity to produce 37 million tons of pellets annually. Based on its percentage ownership of the mines it operates, Cliffs’ share of rated capacity is currently 23 million tons annually, representing approximately 28 percent of total North American annual pellet capacity. --- North American Coal Cliffs’ coal mining and energy resources group has an annual production capacity in excess of 7 million tons of high quality, low volatile metallurgical coal. Alabama Oak Grove Mine West Virginia Pinnacle Mine Green Ridge Mine --- Asia-Pacific Cliffs continues to expand geographically, and has diversified its product mix to better serve high-growth emerging global steel markets. Its Asia-Pacific operations, located in Australia, produce direct-shipping fines and lump ore, as well as coking and thermal coal. Iron Ore Portman Limited Coal Sonoma Project --- Latin America Cliffs has embarked on its initial Latin American endeavor with the purchase of a 30% minority interest in the Amapa Project. The company also has an active business development program evaluating numerous prospects. Latin America Iron Ore AmapaProject