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Coniagas Battery Metals Inc. T.COS


Primary Symbol: V.COS Alternate Symbol(s):  CNBMF

Coniagas Battery Metals Inc. is a Canada-based exploration and mining company. The Company is focused on nickel, copper, and cobalt in northern Quebec. It is advancing Graal Nickel & Copper Project. The Graal Nickel & Copper Project (the Property) is located in the north of Saguenay Lac St-Jean region. It is comprised of 110 map-designed claims covering 6,113 hectares. The Property is also located at 190 kilometers (km) north from the seaport terminal of Grande-Anse (Saguenay).


TSXV:COS - Post by User

Comment by InvestYoung99on Nov 23, 2015 1:26pm
115 Views
Post# 24316441

RE:RE:RE:Suncor's real motive

RE:RE:RE:Suncor's real motiveI believe Suncor is not so much interested in Syncrude itself. They will be happy if it just breaks even and makes some return when oil prices go up. So indeed, they have no issue having IMO as the operator.

I think the motive is lease 29 adjacent to Suncor's Steepbank mine. There has already been discussions to acquire it from Syncrude. See page 5 here,

https://s1.q4cdn.com/643672711/files/doc_downloads/2015/conference-call-script_FINAL-to-Website.pdf

Suncor says acquiring lease 29 is up to Syncrude partners on page 24 here,

https://www.suncor.com/pdf/2015-11-12_SU-COS_FINAL_ENG.pdf

"Lease 29 is an asset that belongs to Syncrude. It’s important to note that any decision to sell a Syncrude lease requires support from other Syncrude owners who would have to align on appropriate value, regardless of Suncor’s ownership stake."

So if SU gets 50.1% of Syncrude, it would not be hard for them to arrange an asset transfer-sale-swap, etc.... of lease 29.

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