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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 rallardon Sep 15, 2012 9:20pm
234 Views
Post# 20371091

RE: expropriation

RE: expropriation

Your right an expropriation would be very expensive, not only future revenue from the route but also all revenue from the ROF. This can of worms would take years to settle but having the lawyers that wrote the Ontario mining act representing us will be an advantage. A fight to the supreme court will be inevtable and the damages could be enough to bankrupt the province. I look forward to this fight and the inevitable settlement. Our best case scenario with a CLF's purchase may have tipped a dollar. The situation for an expropriation will be the windfall of a lifetime. A five year wait for the courts to settle this if an expropriation should occur will be well worth the wait. Here is to a stupid decision from government and a windfall in my TFSA.

Bullboard Posts