Thanks to Snug on the SPQ board and his post this morning on FWR and link attached I read with interest again the interest in Chrome and continue to wonder why the total lack of respect for the metal. In the article it says this:

The value of high-grade chromite (>40% CR203) is $500-$600 per tonne delivered to port. (Equivalent to 3.5% Ni or 8/5% Cu)

Using a $400 per tonne value for high-grade chromite ore (>40% CR203) an in-situ revenue of $17.3 Billion is potentially present.

At what point will the market decide to put a value on Chrome? Does it require a 43-101 resource estimate or a better economic world climate where demand for the metal increases thereby putting pressure on the markets to place a fair value for chrome? It is obvious that there is signiciantly more value to the metal then what the market currently values it as reflected in the SP's of the various ROF players. So, I ask why the total lack of respect for the value of Chrome?

The market preferres Ni. High-grade Chrome is equivalent to 3.5% Ni which is very respectable...is it not? Ok then, the value of the metal must be worth what someone is willing to pay for it; what else can be the explanation?

I have pasted the above quotes specifics to value and until the day comes when someone agrees with those values will they pay the price for the metal. Today is perhaps not the day, but at some point the day of reckoning will be front and center and the true value of Chrome will be realized. So the question remains; when will the market respect chrome and place a more realistic value reflective to the values quoted above? This year, next year, never?