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KWG Resources Inc C.CACR

Alternate Symbol(s):  KWGBF | C.CACR.A

Metals & Mining Industrial Metals & Minerals
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

KWG Resources Inc
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(13)
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Comment by Pear3on Mar 20, 2012 10:49am
222 Views
Post# 19694297

RE: Cliff's Strategy...valuation!!!

RE: Cliff's Strategy...valuation!!!

Hey Oscarsdad,

To my knowledge, Cliffs is still obligated to come in with a friendly offer or initiate a valuation of the company...they still own between 16 and 17% of KWG.   In 2010, valuations ranged between .27 to .35 per share.  Now we have to also consider the PEA which has priced KWG at $2.95 to $4.78, with the RR, smelter and mine in place.

This latest news might be the flake take starts the snowball down the hill...I am confident that when arguments come out comparing road vs rail, the ministry will have to support the more environmentally conscious option which is rail...short local off-shoot roads can follow.  I wonder why they didn't wait for the Ont budget on the 27th and the Fed budget on the 29th...HHmmmmm!!

Good luck to all KWG longs

Pear3 out!

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