HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Blackhorse importance to the ring of fire

Hey goodheart, nah, I didn't miss your point, I just don't agree with it, at all even. I can respect that you have your opinion on the matter but i'd say your opinion stems from being too heavily invested in KWG. It's not that I don't like KWG, I really do, I just think it's the riskiest in the ring. The recent dumping is the market agreeing with me and telling everyone that something is up.

I do not conclude by any means the same as you do that blackhorse has any real importance to the ROF. I still haven't seen a real argument that backs this theory other then you saying "its just really important". I don't see it that way. Noront put the ring on the map and cliffs stake has added even more credibility.

No one, including me, has argued that by the time every oz of ore is transported out of the ring that it wouldn't be cheaper to have done it all by rail. Of course it would be. But with rail comes time, much more time. This is likely why KWG is presently taking a hit, rail will come later, so for now, why invest in KWG when they won't see the prize for quite some time? I only hold Noront, so i'm arguing how it all effects my investment from MY persepective. We are sitting pretty having the high grade nickel which can be brought out by road much easier than the chrome. We don't need a million trucks to do so. KWG will. I have no doubt rail will come in the long run, but road will come first, which suits me and my investment just fine.

But from your aspect I can see why you are pushing the rail so hard. I can also sense the desperation as KWG isn't much at this point w/o the rail. Sorry, i'm just saying it like it is. If they hit nickel etc next week, my opinion of course would change, the sky is the limit for anyone in the ROF, we all know that. But TODAY, KWG's catalyst is rail, NOT's is any form of transportation infrastructure........

good luck,

djje

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