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: Still In The Game
8
rj
May 20, 2012 06:23PM

I found it odd that the Minister did not refer to the fact that Cliffs has recently confirmed that Sudbury will be the location of a Smelter. None the less this is the government of Ontario speaking quite openly about infrastructure, travel coridors, hydro, etc. Kwg and other ROF company's should be ecstatic about this and their stock prices should be rising.

What is the sell price for KWG today? Back in the day when they were a Cliffs buyout target being played off against Spider Resources (SPQ), I remember a range from 0.23 to 0.31 having alot of support and stated merit. It was premised on what KWG believed was a higher quality chromite JV. Today the Chormite's quality and smeltering cost efficencys have been proven up. So what is todays number? it must be at least the 0.31 and perhaps more than 0.50. What are others out there thinking?

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May 21, 2012 11:37AM
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May 21, 2012 09:27PM
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May 22, 2012 12:01AM
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