GREY:RNKLF - Post by User
Comment by
diabase1on Sep 13, 2018 1:14pm
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Post# 28613525
RE:Nearology?
RE:Nearology? Mine sale put on hold in wake of discovery
The discovery has also prompted the Canadian owners of the Beta Hunt mine to reconsider their decision to sell.
Beta Hunt was last sold for $10 million in 2013 to Australian company Salt Lake Mining, which was taken over by RNC Minerals for about $18.5 million in a cash-and-scrip deal in 2016.
The mine had been on the market for months and Toronto-based RNC Minerals had been in what it called "exclusive discussions with a preferred bidder".
The company is now considering all options, with its latest move an indication they are now looking for a much higher price or a potential joint venture partner.