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KWG Resources Inc C.CACR

Alternate Symbol(s):  KWGBF | C.CACR.A

KWG Resources Inc. is a Canada-based exploration stage company. The Company is engaged in the discovery, delineation, and development of chromite deposits in the James Bay Lowlands of Northern Ontario. It is focused on two projects, which include Black Horse Project and Big Daddy Project. The Company’s Black Horse Project is located approximately 280 kilometers north of Nakina, Ontario, which contains the Black Horse chromite deposit, including over 1,024 hectares covered by four unpatented mining claims. The Big Daddy Project is located approximately 280 kilometers north of Nakina, Ontario, which contains the Big Daddy chromite deposit, including over 1,241 hectares covered by seven unpatented mining claims. The Company also owns a 30% interest in certain mining property claims contiguous to McFauld’s Lake in Ontario. Its subsidiaries include Canada Chrome Corporation, SMD Mining Corporation, Canada Chrome Mining Corporation, and Muketi Metallurgical General Partner Inc.


CSE:CACR - Post by User

Bullboard Posts
Comment by mapmakeron Mar 22, 2012 5:22pm
297 Views
Post# 19707038

RE: RE: RE: $5B rail line to boost Quebec resource

RE: RE: RE: $5B rail line to boost Quebec resource

"That would put the province on the hook for Billions in reparations to KWG."

you do understand that in Canada, no one owns the land. The Crown does.

I used to work with Ministry of Transportation to legal survey for new highways.

We had to extradite land for new highways.

The Crown would offer them a fair value and some people would say NO, and take the government to court. The government went to court and just extradited the land anyways and paid them fair market value. End of story.

That is for people who owned land since the 1800's. i dont think there will be much compensation for a mining claim.

US is different. Land owners own the land. That is why you see so much land there to ruin. Land owners died and didnt will their land to anyone so it just sits there. No one can use it except for the dead guy.

I think KWG should try to stay out of the courts and put the 30% BD up for sale with a price tag attached.

 

Bullboard Posts