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Massive Black Horse Chromite Discovery

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

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Message: Re: Future
8
Mar 14, 2015 03:31PM
4
Mar 14, 2015 04:23PM
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Mar 14, 2015 05:21PM
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rj
Mar 14, 2015 06:22PM

Well, a single cargo plane can carry that (several tons). Then again testing of the process might usefully be done on ore from somewhere else. If for example a South African company is interested in using the method the ore could come from there.

Koper Lake is still frozen and a usable place to land planes, and in summer there is the airstrip used in previous years. Enough for a test will be available somehow. Since the ore lies well below the surface drill cores seem a likely way to get material. How much they have on hand I don't know, and whether they might use material from Big Daddy cores as well as from more recent drilling is another question.

If the share price goes down I hope I can scrape together cash to buy more, which doesn't look likely at present. Maybe before September at least.

The way things are shaping up in the ROF generally we have a long wait before things move, but the Patented Process could well begin to bring licence fees or other benefits in a comparatively short time.

6
Mar 15, 2015 02:42PM
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