Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

Free
Message: Re: cliffs out, kwg in...
5
Nov 21, 2013 11:38AM
4
Nov 21, 2013 12:34PM
10
Nov 21, 2013 01:41PM
6
Nov 21, 2013 04:23PM
15
Nov 21, 2013 04:43PM
5
Nov 21, 2013 07:05PM
4
Nov 21, 2013 07:14PM
2
Nov 21, 2013 07:18PM

Ok, I'll try to stick to apples but I was more referring to "...Ont Gov't is not just going to let them shut the whole thing down. I would expect they have options that could be taken."

What options were you referring to? Were you meaning expropriating KWG's prior rights to surface rights?

Shut what whole thing down? Do you mean their supposed $3.3B investment?

Without KWG's approval to use the corridor, Cliffs could never complete their EA. Nor could they ever get financing for a mine and smelter. They were dreaming and now it has become a nightmare for Sudbury and Cliffs.

Cliffs may own ~+70% of BD, and they may control the BD deposit, however, the deposit is worthless without KWG's New Deal.

SPQ and KWG had a agreement with FRW to earn-in their respective 25%, then to 30%. Only Frank, Mac and Neil knew the fine details of that agreement until Cliffs was invited in.

I have to apologize, I don't follow you.

As it stands now, there will be no nickel or chromite mines without a rail link going in first. Period. Wait until that sinks in to those who sit down at the upcoming table.

An E/W heavy haul all season road into the Ring is not doable which means a seasonal road will not happen. Ontario and Canada will only pony up a portion of the investment when a real 50 year infrastructure plan is put forward. Even then, private financing will have to carry most of the project.

Forgive me if I competely misunderstand what you are saying.

11
Nov 21, 2013 09:53PM
7
Nov 21, 2013 10:17PM
2
Nov 21, 2013 10:34PM
14
Nov 21, 2013 11:04PM
5
Nov 22, 2013 12:26PM
11
Nov 24, 2013 03:29PM
5
Nov 24, 2013 09:10PM
Share
New Message
Please login to post a reply