RE:RE:RE:Hyper loopNever a dull moment with KWG. Some of my thoughts..........
1) In case I am misreading or misunderstanding this part of the Baosteel/Noront agreement, Baosteel was given the option for an off-take agreement...
"Baosteel has also been granted a 90 day exclusivity period to negotiate a direct property interest and/or off-take agreement with respect to any of Noront’s properties with such exclusivity period to commence any time prior to production at Noront’s discretion."
As has been stated, Baosteel has not kept up the % interest in Noront but perhaps as per this part of the agreement the didn't need to. Actually in hindsight saved a lot of money as the prices to retain or increase their share in Noront were much higher than we see these days.
2) The Hyper Loop concept brought out by Frank is simply
BIZARRE and just confuses and distracts from a REAL viable rail option thru FSDI /China. Not sure what exactly is the point. Hard to imagine this as a bargaining chip when the reality is that China could just as easily partner with Noront as KWG for chromite. KWG needs the Chinese option more than China needs KWG. I'd also suggest that Baosteel is not the only Chinese steel maker that would be in need of Chromite.
3) this is a headline today..."
China's Baosteel to take reins of steelmaker megamerger
In the article, as with most mergers, the emphasis on improving efficiency and therefore costs is essential, which imo is where Baosteel's apparent interest in KWG patent may well be pertinent......."
Even as earnings improve, the new company faces the challenge of making more efficient use of facilities and its nearly 200,000 employees. https://asia.nikkei.com/Business/Deals/China-s-Baosteel-to-take-reins-of-steelmaker-megamerger
4) Of concern, and this has been an ongoing item for me, is that even with this presentation, the FSDI and China link, the patent, partnership offer to Fns, all the recent focus on the ROF, KWG is getting very little mention or credit other than with those who hold a self interest. It's obvious that this development is solidly entrenched in the political malaise which does not bode well for progress as the last number of years has given proof of.
Still holding strong but lacking interest in following this ogoing fiasco. Too many self interest entities involved to get any kind of a concensus to move forward. "There's no hurry. The ore isn't going anywhere" as was stated a few years ago(I think by Bob Rae) when questions were raised as to why no progress continues to ring true. Other than the mining cos none of the other interested parties are losing anything. Belive the ROF will eventually get opened but not sure what that will actually look like. GLTA