Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: HardRock's oppinion on KWG

HardRock's oppinion on KWG

posted on Feb 08, 2009 08:28AM
Worth of KWG shares


KWG Shares Chromitite Value Strike Length Possible Strike % Owned % Value Val/share Strk Mul Share Pot
300,000,000 10,000,000,000 400 2,000 0.25 0.025 5
2,500,000,000 62500000 0.21 $ 1.04


Notes:

1. Assume 10 Billion fo' 400m strike worth o' Chromite
2. Assume 2.5% Market Values....could grow ta 10% nearer production
3. Assume 25% share o' Big Daddy
4. Assume Possible strike 2000 m

Therefore KWG's value issa 21 cents......now

Could grow ta ~ $1.00..............assa bigger strike confirmed

Could grows ta ~ $4.00...........assa major comes in ta mine.......................

Now back ta ma tea...............

Just da way I see dat!
HardRock

PS: most sensitive ta 1st assumption..........size of strike......???
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