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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 MarlboroDogon Jan 08, 2019 10:51pm
107 Views
Post# 29203911

RE:RE:Question for Lou

RE:RE:Question for LouGM, I agree, any movement at all in the ROF would be a good sign.

With respect to your question about percentages, I look at it this way.  A fifty percent deal with KWG sounds good, but any group that might be looking for partnerships will be looking at the big picture, not just at an arbitrary number.  What would fifty percent of KWG be valued at?  And what additional benefits would accrue?

What happens if five percent of Noront, plus opportunities for jobs in a working mining operation, is worth just as much as fifty percent of KWG and a handful of jobs on a railroad?

The big picture is what matters.  I'd rather own 1% of Amazon than 100% of a local bookstore.

Ideally, both companies survive and thrive, and the indigenous groups of the region benefit by working with both companies.

In the meantime, I continue to wait patiently.

Incidentally, while I'm not holding my breath, there is some sort of meeting in Sault Ste. Marie on Thursday, possibly to announce some sort of combined federal and provincial support for Algoma and/or the Ontario steel industry.  That might indirectly or directly involve Noront. One can dream.
Bullboard Posts