Massive Black Horse Chromite Discovery

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

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Message: Cliff's Last Hurrah in he Ring?

With the latest developments with Cliffs fighting a proxy war, and part of the reason for the proxy war is the over $500 million spent in the ROF, are their days numbered in the ROF? This sudden development maybe the reason the .045 - .05 stranglehold we have been subjected to for so long seems to be finally over. Just this week, the big wall of 2 1/2 to 3 million shares on the ask at .05 has mysteriously slipped away and we had the wonderful fortune to see .055 , even though only for a short time, this current week. With all Cliffs troubles, is this now the reason KWG may possibly be coming into a fair trading period without the tremendous cheap .05 asks we have all witnessed for what seems like forever? You may wonder why Cliffs is still staying with the Appeal if they are indeed done in the ROF, and I personally feel, although it is becoming quite obvious they will never, at least in this lifetime, develop anything in the ROF, they sure would like to hand over a successful Appeal to any prospective purchaser to finally make their Black Thor deposit a little more valuable. General consensus seems to be that the Appeal has very little chance of success but, like a bull in the china shop they obviously feel since they started down that road, they must complete the journey. In hindsight, just imagine if their greed had not stopped them from moving forward on the best deposit some years ago, Big Daddy with KWG as their 30% partner, how much better their share price would be today and maybe they would not be going through this proxy fight at this time. Can't wait for the next development in this story. rj

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