Anyone understand this? The complexity here, let alone the breadth of what is being proposed leaves my mind spinning. I have to hand it to Frank, he is creative. But this appears to be money out of thin air IMO, with KWG trying to find any little scheme to get some cash for a mine that has yet to have an EA, and a railway which has quote, "no assurance that any such railroad will be built by CCC or by any other person.". Doesn't exactly make me feel very warm and fuzzy.... But maybe this angle is intended for much larger investors from China. Frank, remember....A railway is not a mine, and your corridor can be taken away from you. Reminds me of the saying, " Don't sign cheques your butt can't cash". Especially with a made up currency.
Question: Will you accept bitcoin for Ferros?
Quote from: http://money.ca/canadian_money/2018/03/05/kwg-announces-creation-of-50-million-ring-of-fire-flow-through-limited-partnership-with-option-for-possible-future-exchange-into-ferro-cryptocurrency/
CCC’s control of the proposed transportation route enabled CCC to engage China Railway First Survey & Design Institute for the design and sourcing of construction-financing for a railroad with which CCC could then charge a toll on chromite shipments, payable in ‘contained chrome’ value.
Argument : http://www.blakesbusinessclass.com/a-railway-is-not-a-mine-ontario-court-of-appeal-rules-on-surface-rights-in-unpatented-mining-claims/
A Railway Is Not a Mine: Ontario Court of Appeal Rules on Surface Rights in Unpatented Mining Claims
On February 24, 2016, the Ontario Court of Appeal released its decision in 2274659 Ontario Inc. v. Canada Chrome Corporation, confirming the interpretation of sections 50 and 51 of the Ontario Mining Act (Act) as they relate to surface rights in a mining claim. The Court of Appeal held that surface rights in unpatented mining claims are restricted to prospecting and development of mines, minerals and mining rights on the claims themselves, and that claims cannot be staked to protect transportation corridors or to prevent competitors from accessing other mining interests.
AIMO,
TM.
