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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 biggreekon Nov 26, 2013 9:00am
246 Views
Post# 21941336

RE:RE:gov't financing is about to come

RE:RE:gov't financing is about to comehow do you expect KWG to get financing, first they  own 30% of an ore body that Cliffs has put into limbo. they own 20% of an unproven orebody, to own the 80%  itwill take more drilling, time (2015) and money ( another 10 million ), they own a right of way for a possible railway if they can get funding, without Cliffs coming back into the picture, no matter what Minister gravelle say, this project is in limbo.the best outcome is the 18 to 22 cent, some of you might not take the offer, but many will, unless Frank can find another buyer, and with prices of Chrome being what they are, highly doubt there will be a bidding war
Bullboard Posts