KWG Resources Inc C.CACR

Rock Chromite $100 Big ones

[hrock]

Rock Chromite $100 Big ones

"the McFauld’s Lake chromite discoveries could mean – according to various sources, it could be worth as much as $100 billion. "

Just da way I see dat!
HardRock

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Extract from Cooper's post onna da ohter forum:


Hi Gary,

Dave is away from the office at the moment and I wanted to ensure that you received a prompt reply to your email.

As you know, for the past number of months, the dismal state of the global economy has had a profound effect on most publicly traded vehicles. Those in the junior resource sector have been heavily hit as demand for base metals has diminished drastically. Many junior companies will not be able to survive this downturn. Probe is very aware of the current economic conditions and potential pitfalls and has been in cost-savings mode since early fall 2008 so that it will be in a position to flourish when the markets turn around.

That being said, Probe is very well positioned. The Company has $4.2 million in the bank and is trading below cash value; a number of our McFauld’s West properties lie right in the midst of the massive 14km high-grade chromite zone; a potential chromite parallel trend appears to extend over a kilometer onto our Tamarack project; PGE pods are known to occur at the base of these chromite deposits.

Probe has $500,000 in flow-thru money that has to be spent this year. While we do not have solid dates as of yet, Dave is currently investigating an early summer program, possibly June. The focus will be on the McFauld’s West properties – particularly the potential chromite targets. Once arrangements have been finalized, we will make an announcement. We are also hopeful that the markets will have had more time to recover by this time so that any potential good news does not fall flat. The investing community seems to be getting educated about chromite and is catching on to what the McFauld’s Lake chromite discoveries could mean – according to various sources, it could be worth as much as $100 billion. Probe’s properties are situated in such a way that we may very well have a sizable piece of that.

While we have not had a release for some time, the Company has been very active behind the scenes. The Company has been presented with a number of opportunities and has a very good relationship with all companies currently involved in the Ring of Fire. Additionally, a number of diverse, very promising properties are becoming available. We are currently evaluating these opportunities and once our due diligence has been completed and any acquisitions/relationships are finalized, we will make an announcement.

I have included the materials that we presented at the PDAC this year – they include new maps and will show you how well positioned our properties are. If you have any other questions, please do not hesitate to contact me.

Regards,

Karen Willoughby

Director of Corporate Communications

[e-mail]

Tel: [phone]