GREY:TUDMF - Post by User
Comment by
waranton Apr 10, 2014 12:37am
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Post# 22433513
RE:RE:RE:Duck Pond mill may be available early in 2015
RE:RE:RE:Duck Pond mill may be available early in 2015Rambler could as easily be a buyer they already stated they want to be the biggest mining company in Atlantic Canada. I know Ramble is not in control of Little Deer, that is not is not the question but they do have a say what happens they are not passive viewers. From the NR of September 17/13 John himself said that Rambler has every thing in place to process the ore from LD/WB his words not mind so why would they need the equipment. Also don't forget that the PEA from Sep 17/11 assessment was for a 9.5 year mine life based on a 3.75 copper price. Also that resource would have to be brought into the indicated category or better in order to get funding of $110 mil the PEA said they need. If you think back a few months ago THR had to a special fund raising to keep the lights on. The drilling they are doing now would have to bring back staggering numbers to improve the resource. Also it would take another 2 years of drilling to bring the resource into the indicated or better category with out firmer resource numbers that funding will not happen. With Rambler stepping in they can do all of this in house so they don't need those numbers that THR needs. Also their costs would be much cheaper because they only have to remove and ship raw ore. So from my point of view it would be a win win for the SH for Ramble to buy this out it would be worth more because Ramblers cost would be lower so that means more money in the kitty for SH. As for the Lec Pelletier arbitration all I have to say there is I agree way to long for sure. But any time you put things in a courts hand who knows when you will get an answer. On a more positive note at lease with an arbitration the ruling is final..we hpe anyway. AIMO Cheers