Good post Sum. I am bewildered with Cliffs interest in KWG. Having a look at their website, the Company is making statements about high grade chrome but I am not seeing it. The reports on drilling for the past year are as follows:

June 11/08 Assays for holes 6 and 7

Aug. 20/08 Visuals for holes 12,13,14, and 15

Sept 26/08 Visuals for holes 18,19,20, and 21

Oct 21/08 Assays for holes 12,13 and 14, and visuals for 22 and 23

Dec 15/08 Assays for holes 18,19,20,21.

It appears that they have about ten weeks from visuals to assays. The assays are not that great, anything over 25% Cr203 is generally deeper than 150meters and the Cr:Fe ratios are very low. What has been reported in the last year pales in comparison to NOT and FWR in terms of thicknesses, grades and ratios. So it all makes me wonder why a company the stature of Cliffs is making such definitive moves.

Also worthy of note is the fact that KWG's share price has fluctuated from 2.5 to 3.5 for the last three months. Whatever Cliffs has been doing since Dec. has not spiked it. A year ago they were double that. Very strange indeed.