Hi goldheart-r.

I agree that KWG may hold a trump card as regards to the Railway. But the worth of this card may give us a penny, or two maybe to our SP? Not more though, on a realistic point of view. Our NSR was a trump card too, we earned a pretty good cash (18MM$) for it. Good thing. But our true value will definately come from our mining claims.

The 30% minority share of the Big Daddy discovery we'll own after all work is completed is, and will be the only speculative asset we'll own that could drive our SP substantially - given that we are taken out by the 70% majority holder, or if our majority partner is itself taken out by a bigger pretender.

The upcoming DDI distribution and the NSR sale to Anglo Pacific were part of the 'garage sale' made in expectation of a takeover by Cliffs (who else, seriously?). Good managing from the KWG team.

Black Thor being a 'decoy' that hides the true will of Cliffs about BD being mined first is a possibility, but in my opinion this hypothesis is unlikely. Corporations are not politicians, they have no time to lose with bluffing, cannot afford playing cards in the batllefield, they are there for profits, decision are made with readily available data, and we have to forget about conspiracy theories here...

Our SP will remain low as long as our 30% BD share is not wanted, publicly or by rumour, by a serious contender (Cliffs). Placing high value on the Rail rights is the 'decoy', in my sense! 25MM$ to 40MM$ at the most... I'm still here because of Frank Smeek and his ingenious team. May they surprise us!!!

GLTA.

BaBe.