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

I agree on 10 cents range for a while. Probably until the end of April if they manage to get the NI 43-101 by that time.

Also (this is just a theory - your comments/corrections are welcome) if you were Cliff, what would you do if you had the following in mind:

1. We want to take over the company (KWG)

2. We do not want to pay more than 20-30 cents per share

3. We see that even before the NI 43-101 the share price went up 2 folds getting close to 15 cents

4. We suspect that we may not be the only company interested

5. We have unexercised warrants @ 10 cents (please someone confirm how many they have)

Again - I am not a pro-trader, but here is what I would do:

1. Put a "wall" somewhere @ 15 cents (5, 10, 15 million shares) - short it at that level. I remember someone posted Level 2 on stockhouse 2 days ago with 5M shares ask @ 15 cents.

2. If it breaks through the wall - I can always exercise warrants @ 10 cents (please confirm the quantity remaining) to cover my short.

2. If it does not - I can scoop the rest with the offer of 0.20-0.30 when the time is right and I get advance info on NI 43-101 (come on guys - we all know they will get advance info on it prior to the public)

Theory, theory, theory ...

Cheers to all of you!!!

Hooligan

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