Remenber back in March and Minister Pirie's gobstopping TRILLION DOLLAR comment?
Remember when CBC asked for clarification and the response was not to walk it back, but to reiterate that the "Economic Potential Is Limitless".
Remember Ring of Fire Metals CEO, Kristan Straub, telling the world about the already known (they called it "defined ore bodies) NINETY BILLION in the ROF?
Remember how the KWG PR team jumped all over that....sarcasm...I don't either.
So now this Announcement for the ROF Economic Impact Study.
As frustrating as our management team is, and as inept as they have proven themselves at promotion, this would not be the time to sell....not for me at least.
The recent, as yet inexplicable, stated initiative by KWG re Fancamp purchase, along with the new appointee to the BOD and potential Saudi $$$$$, then hopefully a little hype about the ROFEIS may make for an interesting Autumn. Or will The Market just yawn, and keep us on ignore?
How is this for a pre-open NR on Monday?
News Release:
KWG/CACR management is very excited to learn of the tender for the Ring of Fire Economic Impact Study. This, in conjunction with Minister Pirie's assertion in March of this year that the Ring of Fire held one trillion dollars in value, and Wyloo Metals announcement in March of an already known Ninety Billion dollar value in the ROF, seems to indicate that the provincial government is priming to move the ROF forward.
KWG/CACR management have long advocated for a true 50/50 partnership between the local FN's and whoever will lead development of the ROF.
KWG/CACR is very pleased to announce that XYZ Company have taken an equity position in KWG/CACR. This $50m investment will give XYZ a 10% ownership stake and XYZ will have a BOD appointee. KWG/CCCR will use the funds to initiate a follow-up drill program based on the results of the magnetotelluric survey conducted in February 2023, and to advance other business opportunities, and/or acquisitions.