Next StepsThe next shoes to fall involve:
1) Renegotiation of the FNC/BOL joint venture. Preferrably giving KWG control of 100% of the chrome and removing the need for furthing drilling of BH.
2) Offtake agreements for stainless steele and ferrochrome production. We know that the deal is with two companies, and that something was close to being finished over the summertime with the one company, when a second company entered the negotiation and wanted in. This forced a re-negotiation which could be completed at any time.
3) Revenue sharing agreement, FN and Province. Also, no timeline, no idea when it will be completed.
Once 1 and 2 are completed, I expect huge exposure for KWG considering the big companies who will now be attatched to the KWG name. We will finally be on the radar.
We can then make the case for our pipeline, and infrastructure plans, which we can then get funded and approved.
The economics of the plan (however good the rate of return will be) will force some majors to take a strong look, and if no buyout at that time, I expect a move to the TSX.