TSXV:CAV.H - Post by User
Comment by
blue_seaon Apr 25, 2012 1:14pm
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Post# 19834608
RE: Korean connection best case scenario
RE: Korean connection best case scenario Mount Kellett is no unknown factor in this tug of war because they have a really strong interest of bringing the project into production. I don't believe that Mount Kellett will throw their shares away because they are convinced of the project and know exactly the worth of it. Also the Koreans and existing creditors know the true worth of a mine with a life far beyond 23 years. El Boleo is a bonanza style mine over decades. Nobody in this game can afford or is willing to let this project run between the fingers like dust because this sand is worth billions.
So in any case we will see a financing and we will see that Boleo will be taken into production in 2013. The interested groups behind this project are far to deep in the business to let this go. And I bet that Mount Kellett is taking the chance and is accumulating more shares.
What we will see is that the interested parties will dominate the board of Directors very soon. The Greenslade era is done.