LUMP OF COAL Why?
Why was FM tapped to be owner of the world class, strategic coal asset at Mt Klappan?
Conoco-Philips and the BC government should logically have recruited POSCO given their large, up front capital investments. The future value of this asset is enormous. BC government has spent a fortune preparing the infrastructure.
FM had no revenues and NO experience in building out and then operating a huge asset requiring 500 employees.
If there was any proof needed that FM was the wrong choice by a mile, FM proceeded within two yrs of acquiring Arctos to do a face plant into a worthless, 140 yr. old silver mine. DID THIS JUST TWO YRS after acquiring Arctos.
Who is the leger-de-main?