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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 Pear3on May 04, 2017 9:01pm
104 Views
Post# 26206459

RE:RE:RE:is

RE:RE:RE:isSorry Dragon... and you're going to say that I'm bashing NOT, but I don't see it. and I haven't seen anyone make a valid long term case for partnering with NOT. All I've heard is that NOT will be first to mine EN because they are further ahead in the EA process. I would honestly like to hear WHY KWG should take on a partner who has openly said that chromite is not their top priority, has lobbied against any and all arguments for the RR, has tons of land that at this point, only represents liabilities and has partners who are very heavy in terms of carrying costs. At this point, KWG could easily use the revenues from the "acquisition" (if it is realized) to further the development of BH, watch its value climb based only on anticipation of the RR and the mine itself, the off-take agreements and the nat. gas process. I honestly don't understand why you think that partnering with NOT on several chromite mines at once, would be an advantage for KWG when you can only develop one mine at a time...and everyone knows that you should start with the most profitable first. I do think that NOT's share price will appreciate, with its holdings of 111 million KWG subordinate shares, but,,, how that accrual will be liquidated and who will benefit (NOT? RCF? BAO?) still remains to be seen. If BAO would be front and center, why didn't they convince their CEO to prioritize the chromite and RR. You'll have to agree that there's a serious incongruence there. If KWG thought that including NOT on this trip/venture would be advantageous, they would have invited them to partner. Right now it's my honest opinion that Mr. Coutts better do something miraculous and quick, because the only the hope he has is partnering on the shaft for EN... and I really don't know where he is going to find the capital for the cost of the mine and the Nickel smelter. I will change my mind if someone ... anyone can build a logical, unbiased argument for the long term profitability of the EN nickel mine in the next five years, including the cost of the road, the mine and the smelter and the cost of loans, with an 11 year mine life (max 20 years) Sorry Dragon... I would love to find justification to invest in NOT and thus diversify my ROF portfolio, but I can't. GLTA KWG/ROF investors Pear3
Bullboard Posts