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???

RJ,

I concur. KWg has been stating during the last little while 30% including the latest one on the AG appearing for 30min at the Appeal Hearing.

Some of the details are given in link below:

http://www.kwgresources.com/properties/

- 50% FWR

- 25% Spider

- 25% KWG

with 5% option to do the work for each KWG and Spider from FWR. KWG did the work hence earned an extra 5%. Of course CLF gobbled up 45% of BD from FWR +25% from Spider = 70%.

goldhunter

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