Massive Black Horse Chromite Discovery

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

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Message: Not that great!

Considering all the hype and waiting on this 43-101 I'm a little dissapointed in the news.

I also don't know what the point is as it relates to depth, I'm not sure what value there is in that? After a certain depth it becomes prohibitive to extract not to mention that, based on the size, it is many decades (even a century) before it matters. It is reasonable to assume that before one would ever mine that deep there would be a more economical discovery here or elsewhere.

As far as share price is concerned, or net present dollars, it doesn't matter much how deep this is?

Do I understand this incorrectly?

Also, is the overall grade at 40% not much better than Black Thor? I've read the arguments how a couple % can make a big difference but the expectation was for a better grade, wasn't it?

I'm a little dissapointed in this, but also felt the market had over sold and over hyped on the value of the 43-101 coming out.

I can see why NN wants to R/S SPQ. this report is definitely not what you need to sell your stake in BD................just my opinion.

.........Carry

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