Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Other ROF Claims

I believe he has already sold an option on it to Freewest. My understanding is Freewest has the option to purchase the remaining 1% NSR at any time for 1 million.

If that's the case, Cliffs can argue that the "value" of KWG's 1% NSR is only 1 million also. Spread that over more than 3/4 of a billion shares, fully diluted, and it doesn't bode well for the valuation of KWG.

Unless of course, they can throw out some potential revenue numbers to imply a higher valuation.


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