Massive Black Horse Chromite Discovery

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

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Message: Wild speculation

Is it possible NOT & KWG can exchange part ownership in their respective chromite claims? Specifically, I'm sure NOT would like at least part ownership of Black Creek, right next to their planned nickel mine, and KWG would like a larger share of Big Daddy, the possible open pit mine site. Perhaps something less than a full swap, but if KWG raised their share of B.D. by another 21% (to 51%) they could then proceed to look for a steel maker who might sign an offtake agreement. The inducement for NOT to give that up would possibly be some percentage of B.H.

Of course, NOT would really like to have a total lock on all the chromite.

I don't know why CLF said they were going to mine other deposits before B.D, when the cost (capital & production) of an underground operation are more than for open pit. The B.D. ore is close to surface and good quality. With a pipeline south and possibly a gas fired smelter, this could make for a very competitive new player in world markets with comparatively low capital requirements.

Some company like Essar Steel for example might very easily set up a stainless steel operation at Sault St Marie or Thunder Bay.

Though perhaps they will only discuss the ongoing appeal of the appeal, and the other court case about Koper Lake claims.

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