As a follow-on to the ice road option to haul out some 370,000 tons of chromite per season, while waiting for the RR to be financed/built, there is this idea:

- KWG having a JV with PRB to mine BC and haul the stuff out by ice roads to generate some cash. BC has a decent deposit, 10M tons compared to 27-48M tons for BH which may take a bit longer to develop (underground operation).

Since BC grade is quite high (DSO qualified), on high ground and open-pitable, it could be considered as a front runner for getting the chromite out. At a production/shipping load of some 370,000 tons/season this mine could last 27 years which is good enough for me. As per my previous post this kind of tonnage would generate $1.5B/yr in revenue (not shabby for some little juniors!)

If the two juniors get together and produce a BFS, with the potential revenue of $Billions/yr there would be quite a few bankers/investors lining up to provide the financing.

With the available surplus cash (and potential investment from bankers, etc) KWG (and perhaps PRB) could start building the RR by themselves and charge a fee for potential customers in the RoF, in addition to hauling its own stuff out (cheaper by rail, and year round).

This development would mess up CLF plan for BT (got boxed in) to get the workers to and from the proposed site and the chromite out. May be, just may be, CLF will pull a stunt and initiate some hostile TOs for both juniors, if it has enough money.

goldhunter