Massive Black Horse Chromite Discovery

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

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Message: share dilution???

I think the original agreement with Freewest & SPQ allowed KWG to earn a bit more interest in BT by doing work, which KWG did, so earning a greater than 30% interest.

The split was originally something like FWR 40% & SPQ & KWG 30% each. So, if the merger of SPQ & KWG had gone through, the combined co. would have had 60%, but instead SPQ sold out to CLF, so they had 40+30, or 70%

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