Hi Mr Grease -- for KWG's share price to be $0.80, that would mean a $520 million market cap for a non-producing exploration company that has no infrastructure built up anywhere near it and is still in the middle of bureaucratic paralysis with First Nations and the government of Ontario.

As for CLF, I happen to think CLF is extremely undervalued trading way below book value at the moment and that the stock price should double over the next six months or sooner. I simply do not believe you will see CLF drop back into the teens again barring some broader major market meltdown.

Also, given CLF's less-than-pleasant relationship with Mr Smeenk and the government of Ontario, and since they also own a 10% stake in Zenyatta Ventures and their graphite discoveries, I would not be surprised if they instead decide to sell their stake in Big Daddy and buy out ZEN, which could be developed much faster considering its geographic location and its potentially more lucrative resource from a profit perspective given the estimated purity level of its graphite.

If KWG eventually gets bought out, I think it more likely to be for less than what SPQ was bought out for and that the buyer would be NOT who are next door neighbours and could perhaps one day become the next "Teck Resources" many years from now (hey, fwiw, TCK might even one day buy-out Noront -- who knows?).

Since the market certainly doesn't know what is next for KWG, the share price remains low and I don't see $0.80 per KWG share as a realistic valuation.

If the share float was much smaller and other factors were more aligned, your case might be more convincing imho.

-Dragon