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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 oreelseon Nov 24, 2013 3:36pm
219 Views
Post# 21936292

RE:Sell 70% of Big Daddy to Xstrata

RE:Sell 70% of Big Daddy to Xstrata
Mooster3. Good post. Thinking what Glencore v.s what CLF might have in mind:

Glencore are Chromite Ore Mining, Upgrading & Value-Adding Marketing Experts. They know all about shutting down high cost producers in weak markets (called swing producers), which should very much favor low cost ROF Chromite producers. Also, they know the value of being able to fund the KWG ROF NS RR.

Whether CLF sells all or part of their ROF Chromite Ores wont change these Ores from being shipped on KWG's, Glencore financed RR & Upgraded at KWG's, Glencore financed Facilities for KWG & Glencore maximum returns to Canada on which PM Harper is an expert, thanks to his Vale Xstrata detailed financial involvements.   
Bullboard Posts