Re: Email from KWG

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: Email from KWG

in response to

Re: Email from KWG

crazytrade

posted on Feb 22, 2010 07:35PM

That 1% net smelter royalty is probably worth more than the 240mil that FWR got for the whole company.

Over the life of the mine.... you're absolutely right. KWG is positioned to be a "cash cow" in 5 - 10 years, depending on what Cliffs plans to do with us. They may lay more cards on the table leading up to the PDAC in March.