RE: RE: Another investment or buyout comingNo one commented on this, so I doubt anyone even looked at Fortune Minerals and see if they may fit with this latest move by PCY ??
No one is commenting likely because it is far fetched. I have owned Fortune for many years so I am very familiar with Klappan. Fortune's main focus has been their Nico gold project and the plan was to look for ways to use the coal to get enough cash to put Nico into development. They are either looking at buyout or a partner to develop the coal. For a partner, they would likely be looking for an Asian steel company or consortium for a cash payment in exchange for the offtake.
PCY doesn't have the cash available as a partner or buyer, so I am not sure what they would bring to table