KWG Resources Inc.

Exploration stage company that is participating in the discovery, delineation and development of chromite deposits in the James Bay Lowlands of Northern Ontario. These deposits are globally significant source of chromite which may be refined into ferrochrome, a principal ingredient in the manufacture of stainless steel.

Home Videos Research Press Release Q&A Discussion

Threads Posts

Get the facts straight

KWG Resources Inc.

almost 11 years ago

in response to goldhunter11's message

I'd like to draw attention again to misinformation...in this statement....

"The critical easement problem flared up when Cliffs backtracked on its initial support of the rail option, and promoted the idea of building a road to Big Daddy by necessity along the same route KWG set aside for its original rail plan. "

No.....the critical easement problem flared up when Cliffs decided to develope the Black Thor deposit, rather than the Big Daddy deposit. Cliffs has 100% of the Black Thor deposit and 70% of the Big Daddy deposit, with KWG owning the other 30%.

So...the critical easement problem flared up when Cliffs thought they could infringe on KWG's property to build a road to their 100% owned deposit.

Given that KWG only has a minority interest in Big Daddy, they have had to find another property to strenthen their case of mining thier own deposit....hence the option agreement with Bold.

Why can none of these story writers get these facts straight?????