RE:$9M Into Iron CreekFCC needs to advance both projects, BarnFind, to become the 'vertically integrated producer' it aspires to be.
FCC is yet to find anything of scale worth digging up at CC - remember, the snow at CC only melts in June (!) so the opportunity to physically walk over and look at anything acquired in the last nine months has only just begun. The narrow veins at the Kerr prospect grading 0.11% to 1.62% Co announced 25 May look barely economic to me.
I don't think the board yet knows what it has at Cobalt Camp. It began with promising acreage, added the refinery and USCobalt (plus more CC acreage) and can see the shortest path to production is Iron Creek + refinery.
FCC may well end up discarding the CC assets it began with.
Ash