So....Stan. What your saying is that the chromite deposits in the Ring of Fire could potentially be worth close to, or over, half a trillion dollars; 3000m ÷ 700m = 4.3, 117 billion x 4.3 = $ 503 billion +/-. So, Frank and his pals at KWG were not stretching their estimates by saying that the chromite in the Ring could far exceed earlier calculations. Now, I know there are those of us who are invested in Noront, and KWG. I, for one, am not invested in KWG. I have always viewed them as potential JV partner, or possibly a buyout target; IMO.
In light of this recent news I would have to say that KWG is happy since their play is strictly chromite. But I also have to ask where they currently are with the success of their "Natural Gas Reduction" patent. Critical to their success and survival; again IMO. Securing "Critical Minerals Cooperation" requires "Critical Thinking" on the part of both the US and Canada. IF KWG can offer a better solution to the expected benefication of the chromite in the Ring of Fire this will not only increase the overall value of these preliminary estimates. But also ensure this "Critical Mineral" is processed in the most efficient, and environmentally conscious manner possible. So, theoretically, these estimates of the true in situ value of the chromite in the Ring could be even greater if they are destined to be proceesed by a new process which is less energy intensive, and far more efficient. This being said, I hope KWG seizes this opportunity to present their patent to the heads of this US-Canadian Critical Minerals initiative, because I see it as part of the "Critical Thinking" that will allow for greater success and certainty.
Wherever you are Frank....Now is your time to stand up and speak....If you can.
TM.