Massive Black Horse Chromite Discovery
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Message: Hard Rock's prediction from other board
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Da Rock hadda 'nother look atta valuation o' KWG Resources........................
............seems mo' shares outstandin'
............seems underestimated da value close ta production
Da biggest unknowns............issa strike size............anna value o' strike..........% chromite...............anna value fo' ore or..............fo' ferrochrome
Still,....................KWG issa undervalued by da market her'..................even assa major Cliffs ..........issa steppin' in.
So...........patience boys................time will come......................fo' us ...................ta 'ave a drink tagether.
Just da way I see dat!
HardRock
|
HardRock's Valuation o' KWG |
|
|
KWG Outstandin' Shares |
400,000,000 |
|
Share Price ( Feb 9, 2009) |
$ 0.035 |
|
% of Big Daddy |
25% |
|
Strike Length Now (meters) |
400 |
|
Possible Strike Length (meters) |
2,000 |
|
Chromite Tonnage |
|
|
Chromite Price/ton |
|
|
Deposit Total Value |
$ 10,000,000,000 |
|
% Value Now |
2.5% |
|
% Value Normal Market |
10% |
|
% Value Close to Production |
27% |
|
Share Value Now (400m) |
$ 0.16 |
|
Share Value Strike of 2000m |
$ 0.78 |
|
Share Value Normal Market of 2000m |
$ 3.13 |
|
Share Value Close to Production of 2000m |
$ 8.44 |
5 Recommendations
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