Ea rly 19 50 s Prop erty stake d by Jose ph in e Co ne an d o the rs 1953 1977 Ini tia l Ex p lo ra tio n b y Ja lo re Mi n in g a n d Alg o ma Stee l 1977 1979 Bu lk Sa mpl e an d Pil ot pl an t testin g p erfo rmed by Be chte l Be hre Do lb ea r Re serve an d Fea sib il ity Stud y sho w pro ven an d pro ba bl e rese rves of 24 9 Mil li on mt Alg oma de cid es to I nve st in Cle vel an d Cl iffs T il de n II Pa rtne rshi p in stea d of Ben di ng La ke p rop erty 1979 2003 Prop erty id le 2003 Prop erty acq ui red by Be nd in g La ke Iron G rou p 2008 2009 Eig ht ad di tion al ex pl ora tion ho le s dri ll ed NI 43 10 1 T ech ni cal Rep ort pre pa red Be h re Do lb e a r co mp le tes p ro je ct e va lu a tio n a n d re estima tion of cap ital an d op era ting costs Exploration H ist ory Dec em be r 1 20 11 12