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: Question Of The Day
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rj
Sep 14, 2013 10:32AM
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rj
Sep 14, 2013 11:47AM
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Sep 14, 2013 01:06PM
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rj
Sep 14, 2013 01:29PM
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Sep 15, 2013 08:32AM
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Sep 15, 2013 09:20AM

Sep 15, 2013 10:58AM
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Sep 15, 2013 11:42AM

Goldhunter, You and I are right in the same ballpark (infield more exactly) as that is much what I had in mind. I would be happy at $1.00/share but would not choke if it was a tad higher. Your math seems quite correct in that 700,000,000 less 17% or about 120,000,000 leaves 580,000,000 shares to be bought out. Yes they save more than that on the cost of the concentrator. A JV of CLF and BAO could quite feasably cough this amount up ,but you are also right, there are likely bigger fish waiting in the weeds. Good luck my friends. The clock is ticking and we are getting closer. the deputy

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Sep 15, 2013 01:28PM
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Sep 15, 2013 02:17PM
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