Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: KWG Files Amended and Restated Preliminary Short Form Prospectus for Equity...

Thought this PP had been closed????? Ouch..lowered the pricing. Not good news......

Perhaps this is what they (KWG ) have negotiated the deal to. I don't think they can lower the PP without doing a news release stating that before hand, can they?

Could be that this side of the deal is almost wrapped up, just working on other loose ends.

As far as lowering the price of the PP goes, this is the environment we are currently in.

But you can be certain it keeps going down the ladder. I would not be surprised if Frank is squeezing BOL and FNC as well to make a better deal happen on Blackhorse.

96klite

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