Massive Black Horse Chromite Discovery

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

Free
Message: Re: If you can't get enough
9
Apr 06, 2014 01:11PM
4
Apr 06, 2014 06:27PM


Hi goldhunter,

You alerted me to my mathematical error. Thank you!

Should have been min ~$120M and max ~$146M

The map information at the PDAC is same as posted on the KWG website. It is the only source of my information and my wishful thinking.

Per capita is my sloppy way of saying that $120M to $146M is more that $80M but the number of individuals that will end up travelling the "Southern" East West Road System will be much higher.

Deloitte will recommend which East West route is more advantageous; Noront's Northern East West Route or the Alternate Southern East West Route. If you were the nine Matawa leaders, which would you choose? It will be up to the First Nations and Ontario to choose but I think you will agree, much hinges on KWG being able to deliver a world competitive chromite price. Whether the First Nations choose a "Northern" or a "Southern" East West route, it will be fantastic for both KWG and Noront shareholders!

Share
New Message
Please login to post a reply