Massive Black Horse Chromite Discovery

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

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Good find Fiitrof....Frank has hinted at mergers and aquistions before.

Ties into a post from Jan....

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https://agoracom.com/ir/KWG/forums/discussion/topics/684561-yildirim-holdings/messages/2135437

In the season 2 opener Frank speaks of a Turkish 'entepreneur' and can't tell us very much.  My guess is it is a Yildirim.  They are Yildirim Group of Companies and started Yildamen Holding in 2014.  Some of the richest people in Turkey.

http://www.hurriyet.com.tr/forbes-announces-100-richest-turks-11117628

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http://www.yildirimgroup.com/?mode=yildirim&UID=1267

YILMADEN HOLDING
YILMADEN Holding was established in 2014 in order to consolidate YILDIRIM Group’s metals and mining subsidiaries under one roof. The Holding is currently comprised of 5 companies in 4 countries: Turkey, Sweden, Kazakhstan and Russia. Together, these subsidiaries make YILMADEN the 4th biggest player in the global chromium industry as well as the only company to produce chrome ore and high quality high carbon ferrochrome (HC FeCr) in 4 countries.

YILMADEN’s focus is on exploring, mining and processing mineral resources with minimal impact on the environment. The Holding exports top-quality materials to customers in more than 30 countries via well-located distribution centers all over the world.

Headquartered in Istanbul, Turkey, YILMADEN actively engaged in many projects in Europe and Asia-likewise, YILMADEN plans to expand its global network to include Africa and Latin America. The Holding continues to hunt for international opportunities and investments to develop its capabilities and productivity while placing sustainability at the heart of all its strategies, decisions and actions.

VARGÖN ALLOYS
Established in 1874 in Vargön, Sweden, Vargön Alloys is one of the oldest ferroalloys producers in the world that has over 100 years of experience and know-how. Following its acquisition of Vargön Alloys in 2008, YILDIRIM Group made large-scale improvement and capacity increase investments at the plant. Vargön Alloys boasts 4 arc furnaces, including one of the largest in the world. The company’s annual high quality high carbon ferrochrome production capacity is 255,000 tons, with a slag recovery rate of 25,000 tons per year.

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A patent deal could save Yildirim a lot of money in production and make KWG a lot of money in perpetuity?  Having a Turkish descent chief scientist Canmet official pushing the results of Canadian testing of the KWG patent could go a long way.

Sell the chromite to China and rake in natural gas reduction patent fees?......nice work Frank!  Who could afford not to use the KWG patent to stay competitive?

GLTA

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