RE:KWG needs more volume and price action like 2 day!!!!I'm not sure Condrad even appreciates how good a deal this is going to be... Looking at the notes to the financial statements of Anglo Pacific (a credible source), the value the Ring-of-Fire Chromite at USD$380/tonne. Then they discount the heck out of it with Probability factors, high interest rates and as long a time period as they can get away with before having to write it off entirely so they can save some present taxes.
The salient point though is USD$380/tonne - the rest is simply mathematical manual stimulation.
The RoF has NI 43-101 defined resources of around 350 million tonnes of Chromite with an ultimate market price estimated by a credible source at USD$380/tonne. That looks like around $175 Billion value in CAD at present rates.
Unless they pave the road with heavily gold-plated bricks, the total capex to open up the RoF should be around $5Bn including the road which the ngovernment wants to pay for even if their contribution is immaterial in the grand scheme of things.