RE:Let’s goYou got a big sell-off late Justcray as you pumpers took your profits.
KWG is not a big land holder in the Ring of Fire.
They own some chromite holdings and a part of the property next to Not's nickel play that is now owned by Wyloo. That is the property that Wyloo would be interested in as it adjoins the same pipe.
There was some concern years ago that either NOT or FNC was actually drilling on the wrong property on some drill results.
The bottom line is that I think they are not sure of how much more nickel is in the surrounding properties and someone may buy it out just in case as the projected nickel mine life is only about 15 years.
Wyloo does not need any more chromite so that is of no value now.
The big question is how much FNC, BOL and KWG own percentage wise on the adjoining property.
It was a complicated arrangement for Bold and KWG getting more ownership from FNC and I am not sure if both spent the money necessary. Others may be more informed here but KWG is not going much higher for some time with 1.3 Billion outstanding shares.
They do have some value also with the supposedly railway right of way.
KWG lost shareholder value when they did not sell to Cliffs.
Noront owned about 80% of the land in the ROF(am I wrong about that number?) Someone may correct me. When Spider(SpQ) and maybe KWG as a partner came across a huge copper site looking for diamond pipes, Noront rushed in and staked most of the area as they had more money.
SPQ and KWG were small companies and survived by private placements by pump and dumpers but hit it big accidently with the ROF.
Anyone hear of the DeBeers Victor Diamond mine?
Anyone here know a poster by the name of Greenstone?
The ROF is for real but be careful who you invest in.
ELK