Hey MD,

I agree with you that sometimes the perception from a pure price perpective is that a few pennies is easier to achieve than a few dollars, but we have to remember the crowd that we are trying to attract with this new class of shares is one that executes analysis in a significantly more thorough manner. We are trying to offer these "bags of marbles" to investors who rely on fundamentals and valuations to make multi hundred million dollar acquisitions..

This implies that they use Net Asset Value in comparison with total float and future prospects for earnings and growth to put it simply. Opening the door to them, will merely allow them to take a look at our fundamentals, as opposed to what was happening during "the penny stock era" which prevented them from even considering KWG as a holding.

IMHO, if this stock price wasn't being manipulated (and has been for a while now) we would easily be seeing a SP in the .35 to .50 range, based on the NAV and the PEA. In order to get to that price range, we have to try to create more demand from newer and bigger investors. IMHO regardless of the penny price or the dollar price, if institutional investors take a look at this company, they will immediately see the enormous value in it, notwithstanding the very strong bargaining position created by timely and strategic decisions during the last five years, which have turned Samson's sling into semi automatic boulder launcher. In essence we are making our product more accessible to buyers with specific restrictions.

If these investors are not on a tight time horizon or if their interest is more in the resource (chromite) than in the ownership (stock price appreciation) then they might even take a large position (less than 19.99%) and hold onto it for a long time, so as to have influence (not to say control) on the availability of the chromite or the ferrochrome.

If we are lucky, it might be a big big fish, who has the deep pockets and the market clout to pressure Cliffs into doing it their own way... ex: if an Xstrata, Vale, Rio Tinto or even the chinese became involved or owned 30% of BD outright, then Cliffs would have to rethink the assumption they've had that they could wait out KWG...any of the bigger players would be able to shift the bargaining position in their own favor. This, coupled with a RR still controlled by KWG and the FNs and voila...an instant recipe for success.

I can think of a few large companies and / or countries whose interests might be directed in this manner.

Good luck to all KWG and DDI longs

Le Penseur