RE: Joseph Schachter re: Tyler bid on BNN24~Karat
"In order for any other bidders to take a run at Tyler, that bidder is going to have a combination of two unique characteristics. 1.) A huge war chest of development capital (and remember, Eric Sprott was quoted here a little while ago, that access to mining capital has gotten much more difficult recently), and 2.) a proven mine-building team, and there certainly aren’t very many of those around."
Frontera has both and is almost within walking distance of Tyler's property, about 60km away. https://www.fronteracopper.com/s/Home.asp
Check out their last news release. https://www.fronteracopper.com/s/NewsReleases.asp?ReportID=262574&_Type=News-Releases&_Title=FRONTERA-COPPER-REPORTS-CASH-BALANCES-OF-55-MILLION-AND-PROVIDES-AN-UPDATE-...
And this release:https://www.fronteracopper.com/s/NewsReleases.asp?ReportID=188754&_Type=News-Releases&_Title=FRONTERA-COPPER-EXECUTIVE-APPOINTMENTS
TORONTO, ONTARIO--(CCNMatthews - May 28, 2007) -
(All dollar amounts are expressed in United States currency unless otherwise noted)
Frontera Copper Corporation (TSX:FCC)(TSX:FCC.NT)(TSX:FCC.NT.A) is pleased to announce two executive appointments at Cobre del Mayo, S.A. de C.V., (CDM), Frontera Copper's wholly owned Mexican subsidiary.
Effective June 1, Jesus Gutierrez B. will assume the newly created position of Director General of Cobre del Mayo, S.A. de C.V. Since joining CDM as Director de Operaciones on June 30, 2005, Jesus has staffed and led the organization from feasibility through start up and into production in near record time and with no significant upsets. Jesus Gutierrez came to Frontera Copper with a technical background rich in mining and processing operations and management. He has held positions of varying responsibility, including Director de Operaciones for Grupo Mexico's Cananea operations, Director General of Minera Real de Angeles and Director General de Empresas Frisco. In his new role as Director General, he will be responsible for all CDM operations and business matters and will report directly to Gary Loving, President and CEO of Frontera Copper.
The company is also very pleased to welcome Joseph P. Campbell to the position of Director de Operaciones for Cobre del Mayo. Joe Campbell has over twenty-four years of experience in management, supervisory and engineering roles with Inmet Mining Company, Phelps Dodge Mining Company (a subsidiary of Freeport-McMoRan Copper & Gold Inc.), Cyprus Minerals, Cyprus Amax and Cleveland Cliffs. Most recently Joe was Director Processing of Inmet Mining Company's Cobre Las Cruces, S.A. Project, in Spain. Previously he worked at Phelps Dodge and Cyprus Minerals properties located in Arizona and Peru. Joe has co-authored several technical papers dealing with copper leaching and electrowinning processes and has been a leader of the changes and improvements incorporated at the Cerro Verde Operation in Arequipa, Peru. Joe holds a Bachelor of Science degree in Metallurgical Engineering from the University of Minnesota and is a member of the SME/AIME and the Instituto de Ingenieros de Minas del Peru.
"With Piedras Verdes now operating at full production, our attention is focused on improving our operating efficiencies," says Gary Loving, President and CEO Frontera Copper. We continue to strengthen our operating team, which will enable us to improve the operating cost performance at Piedras Verdes and also to provide Frontera Copper with the ability to evaluate and develop additional projects. With the quality and depth of talent that we are fortunate to have at Frontera Copper and Cobre del Mayo, I believe that we are uniquely positioned to develop new additional projects, and utilize the significant cash flows which are expected to be generated from the Piedras Verdes operations.
Actually I think the fit is better than with ML due to FCC's intimate knowledge of the area. We shall see, best wishes. jd.