KWG Resources Inc C.CACR

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

Metals & Mining Industrial Metals & Minerals

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.

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KWG Resources Inc

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Comment by waterboy2on Sep 10, 2012 11:16am

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Post# 20342364

RE: RE: cliffs

Credit Suisse downgraded its rating on Cliffs Natural Resources from Neutral to Underperform, and lowered its price target from USD 50.00 to USD 30.00.

Credit Suisse noted that “Most iron ore watchers have been shocked to see the spot commodity price fall by 35% in the past 2 months. Like others, we are watching inventory data and a spot commodity price in free fall. Although we feel as though we have a reasonable grasp of what has happened over the past few weeks in the iron ore market, we will not pretend that we know exactly what is going to happen next. We have no new operational insights into CLF's business since the Strategy Day a month ago, so the focus of this report is CLF's unavoidable exposure to the commodity price.”

Source - www.benzinga.com