Re: KWG NOTIFIED OF CLIFFS ELECTION TO ACQUIRE UC INTEREST
in response to
by
posted on
Nov 14, 2011 08:25PM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
"This is properly the best option for KWG, i.e. not to spend any money to increase the current minority of 15% to a higher minority of 33%"
My understandind is that KWG would keep 15% without spending any more, but would see its holding transformed to a NSR holder at some point.
As to involvement with neighbours, we can be sure that the story of the Ring of Fire has only seen its introduction. First chapter has not even begun. So, stick to your holdings and wait. Many surprises are yet to come!!!
GLTA.
BaBe.