Good Investment News It looks like the smart people at Altius (T.ALS), who own a 1% GRR in the Gunnison project, just came into a lot of cash:
"Altius Minerals Corporation (“Altius”) is pleased to announce that it has entered into a letter agreement pursuant to which Fairfax Financial Holdings Limited, through certain of its subsidiaries (collectively, “Fairfax”), will make an up to $100 million investment in Altius in exchange for the issuance by Altius of preferred securities and warrants. "
"Fairfax has agreed to subscribe, on a private placement basis, for 5% preferred securities in an aggregate amount of $100 million, issuable in tranches of not less than $25 million. Altius intends to close an initial subscription of $25 million, and has sole discretion with respect to additional subscriptions by Fairfax for the remaining $75 million in minimum tranche sizes of $25 million by no later than December 31, 2017."
"The proceeds raised from the Fairfax financing will be used by Altius for investing in opportunities it identifies within the mining and minerals sector and for general corporate purposes."
https://altiusminerals.com/uploads/PR1703-Fairfax.pdf
And with that deal, Fairfax now indirectly gets a piece of the Excelsior action. I take that as a show of confidence in this project by a major investment firm.
So, any speculation on how T.ALS might want to spend all that cash in the coming months? I can think of one idea....