Re: cliffs out, kwg in...
in response to
by
posted on
Nov 21, 2013 11:04PM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Thanks for your great efforts.
But here is what I don't understand of what you are saying. "As of yesterday, there is no need to be able to move anything other than the nickel, and no destination for the chromite if it was available. This moves the transportation route, and it's form, to the basement for now."
KWG needs to move their ~50M/t Black Horse chromite to market. They own the only way that nickel or chromite will ever leave the Ring of Fire. KWG has a place to move it to and something to move it on. All that will be revealed at the open table.
So think of the ROF as an island worth trillions of dollars in the middle of an ocean and there is only one bridge to it. Sure you can load those boats with 150K/t/yr of nickel or use the only bridge at cost.
We understand and believe you about those roads you have seen. They could suffice for 12 years of nickel but they will not suffice for the $60B worth of chromite or all the other future ROF mines. And they can not just be upgraded.
This is not a one project development. It's a mega 150 year multi-mine, province changing event. Even some of the politians get it.
Without the RR transportation route, the chromite doesn't move. If you are not presenting a plan that includes moving the ~$60B worth of chromite, the nickel will sit in the ground.
Why would KWG bother with 30% of BD when it will have 80% of BH?