RE: RE: RE: By 2015Show me the viable alternative transportation route that does not include KWG's staked corridor, Is exempt from the FNA and could be developed before 2015, prove me wrong.
That is all government red tape so no comment. I dont trust Liberal politics.
As for BD not being mined first, economically you always start with the highest grade first, The fastest return on investment, CLF''s is driven by money not by spite. Why would they buy SPQ if not to mine BD first, I do believe my business sense is sound.
Neil Novak said that the big Daddy is not open pit mineable in the past. I know KWG says there is a good chance big daddy is open mineable in their recent statements, but i think they have to say that. (i dont know for sure who is right) Black Thor is definately open pit mineable and a greater overall quantity. That is why they will mine black thor first.
CLF said they wanted either SPQ or KWG to get control of Big Daddy and thats all they wanted for the time being. And thats exactly what they did.
You are also forgetting that KWG has a 1% NSR on all the properties CLF's controls, 1% of 1.5 Billion Dollars, CLF's own estimate on yearly revenue is a lot of money for drilling for KWG. KWG is in fine form and if we are not bought by CLF's and BD is mined first we will indeed be a global player, our ferrochrome will be sold to NA the EU and to Asia if that is not global what is it.
Why buy the cow if you only have to pay 1% for the milk.
Frank dodged a knife in the back and out thought CLF's on numerous occasions, and has proven to be a better CEO than any of the other ROF CEO's to date, I will keep my money on KWG thank you very much. CLF's should really think of hiring Frank after every thing is done, they seem to be in dire need of sound legal and strategic advice concerning OSC rules and Canada in general.
I also think Frank shut the door on Cliffs when he proposed the failed merger with Spider. CLF's felt KWG stabbed them in the back so they probably refuse to work with them for the time being. Just like NOT.
You can deny all these statements if you want but there is a reason the stock price is going down and its either because of the above reasons or because CLF is using market manipulation techinues to try and get shares illegally. (which has been stated by posters on here)