Re: Canada Chrome's Rail Route

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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BarbuBeatnik

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Re: Canada Chrome's Rail Route

in response to

Re: Canada Chrome's Rail Route

djje

posted on Oct 24, 2013 11:13AM

"I'm not saying KWG doesn't deserve something for the foresight it had in staking the corridor"

Hi djje. What is at stake regarding KWG is not the value of the RR claims, but the fact that the corridor they staked would be used for Cliffs 100% owned BT mine and nothing for KWG's 30% BD. KWG is not a real estate company but an explorer. They found something valuable that they could not monetize without their 70%-partner will! That's what is at stake!

KWG needs to be realistic? Please tell me what else they should do for their shareholders but trying to monetize the ore they found with milions of dollars and following painful dilutions over the years? I just can't get the stupid strategy Cliffs has followed. Developping Big Daddy first, or trading 30% of Black Thor to KWG would have made it easily. Instead they tried to play unfair - and they lost!