The other thing it does is protect KWG from a possible cash call from CLF...with $18 million in the bank..kwg has headed off one more possible scenario that could have happened!
An offer of CLF shares for KWG might be interesting now that they are trading at $75 vs $100 a few weeks ago...but cash is really the only viable option..IMHO.
Has anyone gleaned any info on the drilling that the UC,Kwg,Clf JV is now doing on UC property..I don't know but it may be the only drilling currently happening in the ROF. Two holes now completed I think...where does that take us..I wonder...depends on the assays..no doubt!