Massive Black Horse Chromite Discovery

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

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Message: Support at .07

Support at .07

posted on Apr 03, 2008 05:46AM

I would be quite surprised to see this drop below .07.  If you are buying the FWR optioned claims today, SPQ and KWG both are looking good but I have to say KWG is screaming value.

 

  • KWG - $17.12M market cap @ $.07/share
  • SPQ -  $31.45M market cap @ $.11/share
  • FWR -  $53.18M market cap @ $.34/share

Ownership % at FWR optioned claim blocks:

  • KWG - 32.5%
  • SPQ -  32.5%
  • FWR -  35%

 

If there is a hit on the FWR claims the invisible hand of the market will snap the discontinuity in value faster than you can say free lunch. 

 

Expect visuals on holes-to-date soon (within the next few weeks)from Neil Novak of Spider.

 

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