GREY:DULMF - Post by User
Comment by
materialsgirlon Sep 13, 2014 5:26pm
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Post# 22934032
RE:Potential buyer?
RE:Potential buyer?I agree that Glencore is an obvious suitor. They are already in the vicinity and they know how to extract this kind of material. Here are two comments
1 They will not buy out DM unless they also have a deal to buy out Anto. They are too big to require a joint venture although they have some joint ventures
2 They are already hooked up with Polymet who are also in the vicinity with dreams of mining within three or four years. Another somewhat similar orebody in the same jurisdiction might be a bit too much concentration in one area. On the other hand they may be pleased to get concentration in this safe area politically
In any case, Nazarbaz, your identification of Glencore is based on sound reasoning.
mat