Massive Black Horse Chromite Discovery

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

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Message: Re: Rails to the Ring of Fire...clarification please?
12
May 30, 2011 03:01PM
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Jun 04, 2011 01:02PM
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Jun 07, 2011 01:10AM

"Please correct me if I am wrong, but I have been under the impression that the cost of the RR was estimated at $900 mil and that the $2 bil estimate included the mine, the processor and the smelter...I don't think the infrastructure for the hydro supply was ever factored into any of the estimate that I saw. Again, I may be mistaken, but this was my impression since the cost estimates started to come out."

Hi LP: I think you're right about that... (Was it 1.7BB total originally? Not sure). But the 2BB total mentioned above seems to refer to infras only. May it mean rail + power line? Just a guess...

GLTA.

BaBe.

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