NevilleD's Profile

NevilleD's Posts

Project Approval near?

I think everything is quiet becuase these amendments are in final stages of completion and approval is around the corner.


In June 2015, Noront received it’s Approved Terms of Reference for the Environmental Assessment of Eagle’s Nest from the Provincial Ministry of Environment and Climate Change. Over the next 18 months, the Company will be completing work on a series of amendments to the EA in order to gain project approval.

over 7 years ago
Re: Happy New Year, but Don't Quit Your Day Job Just Yet

If you are the trader sort now is the time to deploy the dry powder.  NOT has a tendency to double/triple during this season.  Seen it happen over and over again.  Will it hold?  Who knows.  Get in and out if you are nimble.  And may 2017 be our year!  Confident and holding here with over half a million shares.

over 7 years ago
KWG Resources Inc.: Globe & Mail's Ring of Fire Claims Disregards News and Ottawa Investment

KWG Resources Inc.: Globe & Mail's Ring of Fire Claims Disregards News and Ottawa Investment 


 


TORONTO, ONTARIO--(Marketwired - Dec 22, 2016) - The article by Rachelle Younglai in yesterday's Globe & Mail overlooks the real news occurring a few days ago, by instead republishing an oft-reported miscalculation and profound understatement of the value of the minerals discovered thus far in the Ring of Fire area of Northern Ontario's James Bay Lowlands. KWG Resources Inc. (CSE:KWG)(KW6.F("KWG"), Probe Resources Ltd. and Noront Resources Ltd. have previously reported (in regulatory filings under NI43-101) that there have been 343.4 million tonnes of chromite delineated by exploration drilling completed there to date, to a very shallow depth. These include measured and indicated resources of 20.5 million tonnes ("MT") at 35.8% Cr2O("%"), 137.7MT @ 31.5%, 5.4MT @ 29.3%, 29.1MT @ 31.7%, 8.6MT @ 37.4%, plus inferred resources of 23.5MT @ 33.1%, 3.4MT @ 28.1%, 1.6MT @ 37.8%, 26.8MT @ 29.3%, 0.9MT @ 22.8% and 85.9MT @ 34.5%. The tonnes documented thus far only, contain an average grade of more than 30% chromite.


Until a few days ago, chromium was priced at CA$1.10 per pound. However, last week terms for delivery from a major supplier in South Africa were settled with its customers in China, which consumes almost two-thirds of the globe's output of this commodity. It was announced that for the first quarter of next year the price will be 50% higher, the equivalent of CA$1.65 per pound. Yesterday, The Economic Times reported that ferrochrome is expected to maintain higher price levels for an extended time. Accordingly, the values"between $31-billion and $54-billion" reported by the Globe & Mail are very demonstrably incorrect.


This Press Release contains disclosure required and approved by the Investment Industry Regulatory Organization of Canada which dictated that we remove an extrapolation of 30% chromite in 343.4 million tonnes into pounds of recoverable ferrochrome, or their in-situ value. However, we were required to add: "Please note, this reporting by the Globe and Mail, which we believe to be erroneous, does not meet the requirements for the reporting of mineral resources or mineral reserves as required by publicly reporting companies in Canada like KWG and Noront."


Also, as a participant in both the Steering and Technical Committees supervising the Chromite Research Project of Natural Resources Canada's CanmetMINING laboratories, KWG is aware of the Government of Canada's commitment to advancing resource development in the Ring of Fire through research and development with industry to address increased efficiency and green processing technologies as they relate to chromite with the understanding that chromite deposits located in Ontario's Ring of Fire have production potential that could make Canada a significant global producer, processor and supplier of products that contain chromium.


About KWG:


KWG is the Operator of the Black Horse Joint Venture after acquiring a vested 50% interest through Bold Ventures Inc. which is carried for 10% (20% of KWG's equity in the JV) by KWG funding all exploration expenditures. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.


M. J. (Moe) Lavigne, P.Geo., KWG's Vice-President of Exploration & Development, is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.


Shares issued and outstanding: 966,320,281

over 7 years ago
Re: Trudeau government dashes hope for Ring of Fire developme

This article is quoting from last February and even 2015.  Stating low commodity prices, have they checked prices lately?  Why such a negative eye catching headline?  This is nothing new or even relevant heading into the new year.  I'm calling BS on this one.  Wynnes mandate states shovels in the ground by 2018.

over 7 years ago
Bottom for now

Tax loss selling seems to have dried up.  For the last three years Noront has had very notable bounces just after the new year.   Good buy here for anyone looking to get in or avg. down.

almost 8 years ago
NevilleD
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