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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 Profit79on May 08, 2013 10:24am
112 Views
Post# 21351715

RE: RE: This is what's up....

RE: RE: This is what's up....

QQC only you can decide to buy more shares, and see if it fits within your investing profile and risk tolerance. I can tell you what im doing, im holding tight. I may buy more if good news comes out and the price stays in the current price range of between .04-.06. But wont buy more until the Environmental assessment issue is resolved or at least clarified for me. Im getting a lot of heat on the board for speaking the truth, and the truth is what Ive been told from people closer to the source, not some people rambling on here about what they think will happen and when. You need to filter these people out. Althought there are lots of insightful posts on here, not all are to be believed. Cliffs is a multi billion dollar corporation, and has the means (i.e. cash, cash equivalents, connections) to at least present some major stumbling blocks along the way for KWG. So yes although KWG stands in a decent position in terms of where its at with land claims and route corridor, we need other things to lign up for this investement to take off. If everything goes KWG's way, then only god knows where this share price will end up. The key is finding out what Cliffs is up to in terms of the EA process, and unfortunately I have not been able to find anything out regarding details. This suggests to me that they havent made any effort, knowing full well it is in their favor to drag it out.

Bullboard Posts