Massive Black Horse Chromite Discovery

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

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Message: Are we about to lose our shirt?

Being invested in this project since 2007 this is coming up to be the worst period. We are at a "fish" or "cut bait" moment. I have never heard Frank be so negative - clearly the entire KWG enterprise is shaken by the comments of CLF and the drop in commodities. Unless government is willing to step in (and quickly) this entire project will be a lost opportunity for this generation. The loss of confidence is palpable. We are about to see a run to the exits. Clearly, Frank's statements earlier that he almost had the funding to buy CLFs ROF interests is in doubt.

We have been waiting month after month for a breakthrough - it now appears it may have been a mirage......time will tell.....

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