RE:RE:RE:RE:Forward ThinkingExcellent intel. None of that surprises me but good to know. Under those circumstances, it raises the likelihood of a bid for FAT by Hudbay. The readymade infrastructure, labour force, real estate, friendly jurisdiction makes it a perfect fit for Hudbay. The problem for Hudbay is that they could easily be outbid by deep pockets from China, Europe or the US.
FAT needs to continue to carry on as though they are going to be producers. That is one of the best ways to create deal tension with potential suitors. Once they know you can't be held hostage by bids and can carry on to production, they can't try to buy you out cheap.
Anyway, we are getting ahead of ourselves here. It is unlikely there will be any bids until after a substantial drilling program and a 43-101.
Martyboss wrote: I heard that the concentrator was decided against and that the old one was been upgraded to accomadate more ore, I also heard that with Flin Flon on its last legs they are trucking raw ore to Flin Flon mill to keep jobs in Flin Flon. Also heard they are high grading Lalor like hell to do this and taken years off the normal kife of the mine . Last I heard there was only 9 years left , not considering the gold content, a far cry from the original 30 years. I was also told there was approximately 50 homes for sale in that little town.