Re: An update on the "Ring Of Fire" mineral deposit..This Morning Interview
posted on
May 17, 2011 10:56AM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Still and again, KWG is mentioned as a key player in this huge development. 'There are 35 companies that got claims in the Ring of fire, but there really are 3 that are very very actively involved and try to move forward with the development of the RoF... so we're working closely with them..."
Who are those 3 master Companies? We all know the answer. But who is named first by Minister Gravelle? Yep, KWG Resources! Then Cliffs, and then Noront! FWR and SPQ have both dissapeared from our portfolio. I guess NOT is on the track to stay there up until mining and production. What will happen with KWG?
Well, with 1/3 of a JVed chromite deposit operated by the majority partner -which deposit has been put in the back stage for future use by the latter!- where does KWG stand? Any other entity stuck in the same pattern would look like an insect doomed to crawl between the giant's feet!
So, why is KWG seating at every RoF table, government, development, FN discussions, and its president is seen on TV and heard on radio? This is constant : KWG is one of the 3 key players on this world-talked Land! Against all odds! Despite the fully-diluted near billion float, despite its minority claims, despite being 18% held by the Big Boy ! There should logiccally be 2 real key players, Cliffs and Noront, don't you think! Why not mentioning Probe, or Macdonalds-Hudbay instead of KWG, which is already 'controled' by Cliffs on the ground and in the treasury?)
There must be something huge that is there and we don't see, or that the market does not appraise. Our penny/share KWG is invited at every high level discussions concerning the Ring of Fire development! Why? I can't believe this has to do with the McFayden diamonds, or the other possessions. The RR claims then? Yes, this has to be the Railroad. KWG is sitting at the Big Table because of the RR RoW! CCC! What else? I can't believe Frank is playing the double-agent by being Cliffs' puppet, spending time until the unofficially confirmed takeover. I just can't believe that. Not Frank. Never. So?
GLTA.
Babe.