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: What's this???
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Jun 26, 2013 03:33PM
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Jun 26, 2013 05:00PM

Jun 26, 2013 07:35PM
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Jun 27, 2013 09:36AM
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Jun 27, 2013 10:25AM
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Jun 27, 2013 10:39AM
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Jun 27, 2013 11:17AM

My understanding is this buy back clause was initiated by Cliffs not KWG some time ago. Not sure why Cliffs felt they needed/wanted to have this stipulated other than to try to discourage KWG from changing jurisdiction - probably felt KWG could not get the funding. KWG wants the change because it reduces their cost - eliminate the requirement to have filings, AGMs, HO etc in BOTH Quebec(where they are legally registered) and another for the rest of the country. Have a call into Bruce to try clarify why Cliffs would want this buy back though in case there ia some legal/filing issue.

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