Re: KWG Resources Inc.: Black Horse Option Term Extended(spoke to Bruce)
posted on
Mar 15, 2015 06:19PM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
F451
our post says, under item 3: " We don't at this point even know for sure whether KWG has filed the appeal for the route. Have they abandoned this as a losing prospect."
A reference to the case (appeal of the appeal) is shown in the link below.
http://kwgresources.com/news/index.php?&content_id=419
As I understand it CCC/KWG has filed the Appeal by the deadline and the date to finalize the submission was early March 2015. The Appeal court says CLF has 60 days to complete its submission, i.e. CLF has until early May to do it. I don't know if CLF has decided to keep the court case going or has abandoned it.
As I recalled, a poster has indicated it's important for this case to play out, whether CLF continues or not, since the Prov may want a definite ruling from the court before it wants to touch the NS corridor (rumour says McGuinty promissed some $600M back when he was in power).
Bruce/kwg should know all the details. Also, there are several posters on this board who are familiar with this case. Anyone wants to chime in?
goldhunter