Re: Maps and Property

Massive Black Horse Chromite Discovery

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

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StevieRay

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Re: Maps and Property

in response to

Maps and Property

Ghostbuyer

posted on Sep 17, 2009 10:53AM

I think you'll find that what ever current percentages Spider and KWG share on their properties will remain the same. My understanding of yesterday's news is that, going forward, either company is no longer obliged to share with the other on any future aquisitions. So, if KWG were to stake more ground or option other properties, they don't have to give 50% to Spider and vice versa.