The Ring of Fire Limited Partnership appears to be raising 50 million to fund its own mine and direct reduction facility in the Sault. It also appears the proposed railroad will belong to KWG and comes into play. Somehow Doug Ford is tied into all this. April 5 will be very interesting.
The Ring of Fire Limited Partnership cordially invites you to join Doug Ford, Leader of the Ontario Progressive Conservative Party with the Honorable Maxime Bernier, Opposition Critic for Innovation, Science and Economic Development and Chief Jason Gauthier, of the Missinabie Cree First Nation to review the virtues of making ferrochrome in Sault Ste Marie, Michigan, for a new North American stainless-steel supply joint-venture with Sault Ste Marie, Ontario.
http://secure.campaigner.com/csb/Public/show/cjx1-nu2sg--f4qel-5nsym781
https://ringoffirelp.com/
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https://ringoffirelp.com/wp-content/uploads/2018/03/ROFLP-Accredited-Investor-Information-Package.pdf
● Up to 50,000 $1000 LP units to be sold in 2018 at an agents commission of 8%.
● 100% of the subscription amount will incur partnership costs (for exploration
drilling, management and sales commission costs, and the ferro cryptocurrency
development) that may be deducted from the investor’s income from other
sources in 2018.
● In 2018, the LP will rollover into a qualifying mutual fund or the investor may then
exercise an option to exchange LP units for Ferros at FMV.
● Ferros will first be issued in an early 2018 initial coin offering. Upon future
production of chrome at the Ring of Fire, each Ferro will be back by $1 dollar’s
worth of warehoused chrome collected as a 3% toll from shipments from
KWG’s proposed railroad to the Ring of Fire.
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RING OF FIRE LP
RING OF FIRE DEVELOPMENT PATH
check Feasibility study with China Rail.
check Drilling: 343M tonnes at 39% Cr2O3 (NI 43-101)
check Government commitment to funding $1 billion infrastructure.
check Patent granted in Canada on the Direct Reduction Process.
Commercialize direct reduction process.
Government-financed environmental assessment.
Complete offtake contracts.
Complete project finance facilities for mine development &
patented chromite reduction plant.
