Good one, goodhearth-r! Frank Smeenk bears this idea of the rail FT financing since long ago. With Black Thor being Cliffs' admirald ship, leaving Big Daddy in the closet, he needed a 'black-thor' of his own! The deal with Richard Nemis is another key card played by Frank - at the asthonishment of Cliffs! It has been said many times: Cliffs was absolutely certain that KWG would suffer a quick death following the vicious Spider coup (BTW Novak seems to have recover from its sudden fatigue since!). Amazingly (for Cliffs), KWG has now a few drills turning which may cause a...turning point in the saga. Just think of Blackhorse being proven as rich or more than Black Thor and Big Daddy! Added to the financial problems they encounter, this possibility may make us wonder who's gonna suffer 'death' first at the end? KWG's would not be called as a 'quick' one anyways,!!!

From the February 4th NR:

“The Black Horse discovery encountered 55 meters of 45% chromite, the richest drill core recovered in the Ring of Fire”, said KWG President Frank Smeenk. “There is compelling geological and geophysical evidence to suggest that this mineralization could be part of an extensive continuous emplacement. If this drilling program is able to confirm that, we would wish to be the first Canadian companies to develop markets for the Ring of Fire chromite by providing transportation over Canada Chrome Corporation’s contiguous claims.”

This 80/20 - 20/80 chromite vs non-chromite deal between kings Frank and Richard may well be THE ULTIMATE DEAL in the RoF. Exciting times ahead folks! GLTA.