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: Blackhorse drilling - KWG/CLF saga
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Jul 07, 2013 05:09PM

My responses would be as follows:

- Hostile take over: Quite possible, but the price will be a determing factors. Something north of $0.30 would persuade some of us to take notice. There is one catch, unless CLF has a partner it alone given the state it's in it is doubful that CLF wants to sink more money in the RoF.

As I understand.....if Cliffs moves in on a hostile takeover....there must be a new evaluation of KWG's assets, that is because Cliffs owns at least 19% of the kWG shares....so I see much more KWG value...30 cents a good starting point.....double the 30 to 60 cents..

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