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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. It is focused on acquisition of interests in, and the exploration, evaluation and development of deposits of minerals including chromite, base metals and strategic minerals. It is the owner of 100% of the Black Horse chromite project. It also holds other area interests, including a 100% interest in the Hornby claims, a 15% vested interest in the McFaulds copper/zinc project and a vested 30% interest in the Big Daddy chromite project. It has also acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. It also owns 100% of Canada Chrome Corporation, a business of KWG Resources Inc., (the Subsidiary), which staked mining claims between Aroland, Ontario (near Nakina) and the Ring of Fire. The Subsidiary has identified deposits of aggregate along the route and made an application for approximately 32 aggregate extraction permits.


CSE:CACR - Post by User

Bullboard Posts
Post by nellingsonon Jul 04, 2010 4:59pm
415 Views
Post# 17242172

Forget hating on the bashers

Forget hating on the bashersWho f'ing cares what kerbacious, buyitup and Tarquin2 post, what they do offer is a different opinion to those of us KWG holders which we need to keep in perspective to ensure we don't pump this too much. As some people have pointed out the land rights we have (don't know if it's just rights to the land as opposed to owning the land outright) do in fact have value, especially if the land they've spec'd is truly indeed the only viable places to lay down track. The one thing I know i'm concerned about though is the remaining cash position of KWG and therefore their viability if indeed SPQ takes the Cliffs offer and leaves us holding the minority position bag. Considering Cliffs also holds Black Thor and Black Label what's to say they won't focus on them and leave us sitting in the dark for many years to come, what will KWG do in the meantime to stay liquid as this area continues toward something. Keep in mind, that as some people have posted, it will take a VERY LONG TIME for a mine to be put in by anybody. One thing I wonder though is could they instead run a road or something towards the DeBeers mine (how is DeBeers getting the diamonds out, road, flying?), and therefore bypass our land claims? Furthermore considering the financial state of affairs in Ontario I don't see them funding anything this big in at least the next 5 years or so. So again I ask does anyone think we'll still be financially viable, if the answer is a definitive yes then why not hold on, but if no, how in the hell will we survive. Constructive thoughts or opinions.
Bullboard Posts