Caveat Emptor "Let the buyer beware"Clearly, there is no appetite for this financing as it has been delayed and postponed yet again.
There is a significant cost in building a railway link to Seymourville and the quality of this frac sand is questionable when compared to sand coming from Wisconsin.
I would avoid CPS, and if I wanted a frac sand play, then it would be Victory Nickel which owns Victory Silica. Symbol NI. See my last post with Ken Murdock talking about the frac sand industry.
Here is the latest press release from NI:
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aNI-2142162&symbol=NI®ion=C