RE:RE:Times have changed..."
if you have a few extra minutes give a shot at doing the same thing for KWG - with their known assets" westernkid
(Sorry, away this weekend dealing with an emergency, Dad had a quad by-pass)
I read KWG news but normally don’t keep a book on them, though looked up resources for “Big Daddy” of which KWG has a 30% Interest.
Big Daddy Chrome Resource
- M&I 29.1 MT grading 31.7% (20% cut-off, this is what Kemi Mine uses)
- Inf 3.4 MT grading 28.7% (20% cut-off)
Chromium Concentrates, $390/t Grade 43% Cr (Big Daddy avg grade 31%)
Discount on concentrate price,
$268/t x 32.5 MT = $8.71B In-Situ Value for Big Daddy, but
KWG interest at 30% = $2.613B
Using my Noront example of a 10% Buy-out of In-Situ Value
using only KWG’s 30% share of Big Daddy
Buy-out price $0.265 (using 985,038,773 f/d shares) but,…
KWG also has additional value to factor into any transaction:
- Koper Lake exploration
- CCC Canada Chrome Corp (claims for rail)
- Chromium I/P (patents)
Infrastructure is the key to both KWG and Noront (actually building infrastructure not talk)
Hopefully soon,
Cheers, Mark