RE: RE: Food for thought......This is directed to Override.
It is hard to know where to start.
1. You should be reading more of the companies information to know what you are investing in.
2. In case you do not understand some of the tech info here is a short - i'll try - simplified view of things.
Chromite deposits can form in large magma - "lava" chambers. When they cool or other factors come to play the heavy chromite settles to the bottom into layers or bands the lenght and width of the molten rock chamber. The thickness depends on if more "lava" gets pushed into the chamber while the process of settling is going on. The deposit can be thicker and or richer near the inlet where the fresh magma was entering - possible.
By the way Reef deposits of platinum group metals form in a similar way in the same rocks - although usually only a meter or less thick)
Between the work at Noront , KWG JV, and thew FWR there is about 15 kilometers of chromite beds.
The rock here has been cooled and tilted on edge. We have massive chromite bands from 15 - 50 meters thick (wide) with additional semi-massive and disseminated (chromite scattered through the rock) besides the solid bands.
I made a post on the FWR board early on with a rough calculation saying - i think - that 100 meters long by 100 meters deep by 50 meters wide would be worth about 1 billion dollars - mined value.
The JV has 2600 meters of strike lenght - FWR has an ADDITIONAL 2600 meters of strike lenght.
Don Hoy - a great geologist - drilled his second hole 1600 meters from the first one. He knew he was not taking much of a chance at missing anything in between. THAT is the point at which I bought onto FWR.
I make the in ground value of 1600 meters to 100 meters deep 50 meters wide at 1.6 billion ( this is 1/10 the real value since it in the ground -I may be valuing it a bit high but 05% would still give an interesting number) KWG and FWR both have this much ANYWAY
Therefore 400 million shares into an inground value if 1.6 billion is about $ 4dollars for KWG and they now own 1% of the royalties on the FWR ground as well - my 1600 meters is definately short as well..
Everything here could be wrong and probably is BUT it is not likely an exageration.
The same strategy was done with the Quebec - Labradore iron deposits in the 50 - 60 the exploration to find the deposit to be mined was going on at the same time the RR was being built to take the undecided source rock out to the shipping terminal.
These guys lived through those experiences - Trambley Chairman of KWG got his phD in Iron in those days
Every geologis in eastern and central canada probably put some time working in iron in those years so if you are 60 + years old and a geologist or technician - you have seen it happen before like this.
DRIVE HER MacIver - the value and resource are there - get in as cheap and as deep as you dare and wait.
DO your own - RESEARCH I was working from memory here - I could be wrong in part or whole
Kasm
KWG's 355 millipn shares into