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FOCUS VENTURES LTD. V.FCV

Metals & Mining Industrial Metals & Minerals
"Focus Ventures Ltd is a Canadian-listed exploration company. It is engaged in the acquisition and exploration of mineral properties located primarily in Peru. The company focuses on developing the Bayovar12 sedimentary phosphate project in northern Peru. Focus Ventures operates through two geographic segments namely Canada and Peru."


TSXV:FCV - Post by User

FOCUS VENTURES LTD. > News: Focus and Daewoo Terminate Aurora JV
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Comment by R_J_on Dec 17, 2015 1:31am
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Post# 24390778

RE:News: Focus and Daewoo Terminate Aurora JV

RE:News: Focus and Daewoo Terminate Aurora JVhttps://www.focusventuresltd.com/s/NewsReleases.asp?ReportID=733254&_Type=News-Releases&_Title=Focus-and-Daewoo-Terminate-Aurora-JV
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Louis James Comment:
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No great news here.
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Sadly, permitting delays and partners dropping earn-in agreements is par for the course in a tough market.
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Granted, we had expectations for Aurora but the move doesn't concern the company's flagship phosphate project at Bayovar.
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The JV termination should also reduce the company's burn rate.
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For now, nothing changes.
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Unquote
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RJ
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