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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
Comment by Trix1on Jul 06, 2010 12:24pm
425 Views
Post# 17247111

RE: I think all the SPQ money is coming to KWG

RE: I think all the SPQ money is coming to KWGI own both KWG and SPQ.  I just sold all of my SPQ at .185 cents and used the proceeds to buy KWG at 10 cents.  Many thanks to those that sold to me at 10 cents.  I have a good feeling that KWG is working in our interest.  An important point to remember is KWG is the operator of the Big Daddy deposit until April 1, 2011.  All final decisions reside with the operator.   Plans, and funds, are in place for the next drill program which will be used to firm up the 43-101.  This will then be used to make the valuation official, and presumably, higher in value.  As well, there should be feasability studies done for a mine as well as the railroad by the end of the year.

Plus I am assuming KWG will proceed with their idea of spinning off the smelter royalty and railroad rights into a separate company.

We might see 7 or 8 cents in the near future, but I'm betting we will ultimately see a price higher than 10 cents.

Trix
Bullboard Posts