Massive Black Horse Chromite Discovery

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

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Message: KWG Private Placement

That means insiders are willing to more skin in the company. If all wts were exercised, the average price would be 12.5 cents for 4.4M shares (wts exercised @15 cents). The insiders may get some tax benefits from the flow-through provisions, but an additional $0.55M (4.4M x $0.125) would flow in KWG treasury. Real cash is handy to have around.

Hope that this would drag the SP up.

goldhunter

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