This quote from Moe Lavigne in Jan 13th article might have triggered selling figuring there is going to be a long delay....

"KWG wants to build a pilot plant, possibly near Nakina where its proposed facility would one day also be built, in order to test the idea with between 10 and 100 tonnes of chromite from its Black Horse deposit in the Ring of Fire.

That’s a $20 million test at a time when the stock market isn’t interested in mining. Lavigne said companies with good projects are looking to Europe for capital.

“Something needs to happen to spark the stock market back to life,” he said.

Money is needed for exploration. KWG thinks the Black Horse deposit could be the largest in the region but every deep drill hole can cost up to $500,000 to find out. That’s likely another $20 million.

KWG has plans to explore this winter but only if the funding is there. The company, along with Noront Resources, are the only ones active in the Ring of Fire and the last exploration was done by KWG last winter.

“There is nothing,” Lavigne said of exploration right now. “There’s nobody up there.”

Full article here...http://www.republicofmining.com/2015/01/13/patent-office-decision-may-help-kwg-to-cut-chromite-production-costs-in-half-by-jamie-smith-tbnewswatch-com-january-13-2015/