Noront Resources Ltd. NOSOF

KWG NR

[AWK2021]

RING OF FIRE 10 Million TPA Rail-Veyor to Cost US$657 Million, Designation as Mining Works for Gitchiziibii Company Bond Issue

Toronto, Ontario--(Newsfile Corp. - December 23, 2021) - KWG Resources Inc. (CSE: KWG) (KWG.A) (FSE: KW61) ("KWG" or the "Company") and its subsidiary, Canada Chrome Corporation ("CCC"), are pleased to announce their receipt of an Engineering and Design Services Report from Rail-Veyor Technologies Inc. The report estimates that the capital cost of construction of a Rail-Veyor tramway system designed to transport 10 million tonnes of chromite yearly over 338 kilometres from the proposed underground workings of a potential mine at the Company's Black Horse Project in the Ring of Fire to a potential processing and/or transfer facility near Nakina, Ontario, will be US$656.7 million and that the operating cost will be US$2.88 per tonne. The report states that the estimates in the study are at +/- 25% confidence level.

[wheelsonthebuss]

really -   10 Million TPA Rail-Veyor to Cost US$657 Million - thats it $$$$$$$$$  - trucking will happen before this nightmare - 

[chickendinner]

Hey Wheelie but you can rent your bus to Wyloo. oh yaya

[chickendinner]

And your first job will be to haul all the Sh!t from the port a potties.

[MC2021]

Operating cost will be US$2.88 per tonne.....That will essentially pay for the outlay in no time. I should hope  the provincial and federal governments are watching. KWG may not be in a position to start mining, but I am sure Noront could benefit from this Rail-Veyor system for the Eagle's Nest until KWG can finish an EA on Black Horse and get their own permitting OK'd. Seems