RE:RE:TomaGold LOT is haltedYes, the entire purpose of buying Cote Lake was to spread out country risk.....it certainly wasn't economic reasons as we all know now. It was a $600 million blunder. By buying out Toma for peanuts, less than $20 million, they will have their "popeline" in Canada. It's very very early for IMG to be doing this, but you never know until we see the Toma NR in the next day or two.
They have to be getting close to releasing economics for Boto, and Boto only starts to look good when the JV is added in. So the clock is ticking for IMG to make a move on MXI. Sooner will be nice and I'm sure most of us would be happy with an imminent deal at a fair price.