Massive Black Horse Chromite Discovery

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

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Message: Making Sense of current share price

Making Sense of current share price

posted on Apr 16, 2009 10:14AM

Well actually you just can't. Let's look at Cliffs investment in common shares, 5 cents US equals 6 cents Canadian. Yet shares are trading at 3 1/2 cents and if you get lucky maybe even 3 cents!

If you buy at 3.5 cents and sell at 6 cents then you just made 70% profit.

Now figure that Cliffs know what they are doing, unlike many of us. Makes you shake your head just a little bit?

My guess is Cliffs want a minimum double, more likely triple, on their risk investment which would indicate a share price of 12 to 18 cents minimum.

Does anyone think it's not worth buying a few KWG shares to tuck inside the mattress of awhile?

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