Another possibility I haven't seen posted.It is possible that SXL need not merge, JV or sell, but bring in a DMS plant (some today are portable) at a realitively low cost, produce it's own concentrate, and have it custom milled at Xtrata. They would then have on going cash flow and their own mine, with future considerations for a dividend pay out! A better deal for share holders! Win- win for Xtrata and SXL and reginal continued employment with minimal environmental problems!
It would appear from the SXL - NR below that something to that effect might easily be considered. What seems to be required at this point is confirmation metallurgy. DMS is used to a large extent in diamond recovery but can be easily adapted to sulphide ores as is done with several low grade nickel sulphide plants earth wide. With the lead sulphide (density) in the ore it should have a very high degree of success as the silver, copper, zinc and any other PMs-REE's in the sulphide state, will also "tag along" in the recovery.
DMS Testing: Five of the samples representing 25.99m of mineralized core were submitted to the RPC research facility for DMS testing. The DMS process is designed to separate the relatively dense zinc-lead bearing sulphide mineralization from the lighter wall-rock based upon the difference in specific gravity. This test may determine whether the Nash Creek ores can be upgraded prior to milling. Upon production, this process would effectively increase the grade going to mill, thereby reducing energy consumption and transportation costs as well as extending mine life.
Interesting situation!!
Solver