Question on Former MinesSomeone had previously asked a question regarding former mines that were successfully re-worked into new companies.
One such recent example is Falco Resources, formerly known as Falco Pacific Resources: https://www.falcores.com/English/home/default.aspx
Falco took over the former Noranda mine. Using more modern technology Falco not only proved up some of Noranda's former resources, it seems that Falco has expanded upon them. Of course, it depends on when you got in, if you got in early on with Falco (FPC), then you made some profits.
A parallel situation seems to be brewing here for LIC. At the old Noranda mine, there was considerable infrastructure that was left there. We have some infrastructure left for LIC and this will translate to less work and greater profits for LIC, should LIC not be taken over by Glencore.
When you go to the Falco website, you have to dig a little into the history to see all of this, or google online or search FPC on stockhouse and dig into the past headlines. You will see that it is all there. An interesting read. By the way Osisko is now one of FPC's main share holders. It is very legitimate.
Let's hope history repeats itself and LIC proves up a lot of Cobalt. Again, share dilution my only worry here. My spidey senses are telling me that there will be $100 million plus in the ground.