Massive Black Horse Chromite Discovery

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

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Message: no theory

Re: no theory - Cliffs holdings

in response to by
posted on Mar 18, 2010 11:50AM

"We all know cliffs already owns 20+% of KWG

They have Options for how many more...?"

My understanding is that Cliffs (directly and tru its off-shore arm) holds 19,9 % of KWG, and that all warrants/options have been exercised. I believe that CLiffs would have to disclose any increase in ownership.

I also understand that KWG owns 100% of Canada Chrome Corp which now owns all non-diamond assets and claims + interests in the railroad projets, and also 100% of Debut Diamond Inc, which now owns all diamond assets and claims.

And we do have a multi-cultural cocktail of companies: an american corporation (Cliffs), an off-shore corporation (Cliffs Holdings N.V.), a Quebec provincial corproation (KWG), an Ontario provincial corporation (DDI), and a Canada federal corproation (CCC).

Hope the ecclectic recipe works for us!

GLTA.

BB.

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