Ok, so he says Black Horse is the same stuff as Big Daddy & Black Thor, but deeper, and could extend way down. That means this deposit must be mined by underground methods, rather than open pit, and also may contain a very thick layer of valuable ore.

Overall might contain more tonnage than the northern deposit areas at similar grades. Therefore this is actually a better prospect for a very long mine life, and so more attractive to entities looking for a stable long term supply of chromite.

All that is yet to be proved conclusively with more drilling, and the 80% interest locked in.