Massive Black Horse Chromite Discovery

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

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Message: Re: better do your homework
1
May 28, 2012 10:31AM
2
May 28, 2012 11:13AM

Preference would be mining BD. If this was the compensation agreed to then I would be ok with it. There's a lot of years of value in this area and from my vantage point KWG remaining involved as a 30% vested interest in it would provide me(and other SHs) with a life annuity. SP would increase and would probably ultimately result in a div stream. As well, unless I'm mistaken KWG also owns some other props in the ROF which may also result in some mineral finds. Am outright buy out, with a reasonable price, would be ok as well but think this is probably less likely as Cliffs would have to do a valuation which might just price KWG out of their asset capability thus the need(as Cliffs has mentioned before) for some foreign partners in this major undertaking. The more drilling that takes place the more finds/value is possible. Suggest this is too large for Cliffs and, I remind everyone, who have NO EXPERIENCE in mining/processing chromite.

1
May 28, 2012 01:55PM
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