Massive Black Horse Chromite Discovery

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

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Message: The Numbers

The Numbers

posted on Mar 17, 2010 09:38PM

I was curious about how many shares have traded recently, so here's what I come up with.

From March 5 - 17 inclusive - we had 7 up days and 2 down days

TSX - 55,070,672

Alpha trading system - 24,363,284

Total shares changing hands - 79,433,956

So in 9 trading days about 17% of the outstanding shares traded and we went from 6 cents to 14 cents and have now settled back at .10. This pull back was certainly expected in light of more than doubling in price in 7 days, especially when you consider it's been more than 2 years since KWG's seen any price appreciation greater than 2 cents. Bound to have been some profits taken. I'm thinking we'll firm up in the 10 cent range for a bit till we get closer to the release of the NI 43-101 around the end of April. Of course there's any number of events could transpire to change that, but that's what I'm thinking. We'll see what tomorrow brings.

SRV

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