KWG is preparing for the next step, coming soon, when Matawa, Ontario and Deloitte divulge their ROF infrastructure plans. It will require the services of Mr. Sheldon, a mining securities lawyer and a professional engineer, practicing corporate and commercial law for over 30 years with an emphasis on corporate finance and securities regulation. One would think a move to the TSX is required.

'Crisis’ at the TSX Venture The Venture Capital Markets Association argues the juniors’ case for regulatory reform (Toronto Resource Investment Conference 2013)

by Ted Niles

...It’s absolutely mind-boggling all the things you’re required to do to raise a half-million dollars—which means that half of that half-million will go to lawyers. The Vancouver exchange was one where you could raise money and it created an awful lot of nice companies. But the rules and regs [for the TSXV] are unbelievable and they’re not designed for junior companies. In most instances you’re so blocked you can’t even do your financing. Then, once you are on the exchange, the costs of staying there and doing business—you can’t buy something or sell something without having to deal with a bureaucrat [who has] no knowledge of the industry at all.”...

TSX warns remote junior miners need infrastructure plans to get listings

by Peter Koven, Financial Post, 11/28/2013

“Someone would have to be sleeping under a rock to think there aren’t infrastructure issues around [the Ring of Fire]. It’s probably the biggest part of the file,” Mr. Chadda said.

“The TSX certainly does not want to suggest it has raised the bar, but they do want to take a closer look at cases where companies are in remote areas,” said Jessica Yee, an associate at Dentons.

“We think these companies will definitely have to answer a few more questions right up front. They need to get the technical reports to the regulators early.”

In particular, the rules suggest that graduating to the main exchange could be challenging for the many junior companies in Northern Ontario’s “Ring of Fire”, a huge source of chromite. Rough estimates have suggested that the Ring holds $50-billion or more of mineral content, but the key issues around transporting the ore are unresolved. For now, the market is ascribing minimal value to Ring of Fire projects.