Now they are considering building a millJust goes to show they went into this purchase completely blind.
Marc might have a trick but RIC had a magic show.
There was no justification and there still is no justification for this purchase.
Well no economically viable justification.
Marc should resign for what he did to this company!!!!!!
============================================================ The study also assumes a production rate of 6,000 tonnes per day. In addition, the land acquired for the mill and tailings facility provides major advantages as it lies alongside the Ontario Northland railway track, on the other side of the Trans-Canada Highway, farther away from the local communities.
"We are working hard to make Wasamac a success, both economically and for the local communities," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. "We want this project to fulfill the economic and environmental criteria and meet the local communities' requirements, and we are confident that with BBA's help, we can achieve that goal. We are also keeping open the option of custom milling the ore at one of the sites identified by BBA's previous study (see map of potential sites)."
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One would think being so near to production they would actually know how they are going to do it.
Remember who called BS on the contract mill option.
Amazing this purchase has handcuffed the company so bad that they now cannot develop their higher grade properties.
WONDER HOW THOSE WHO OWN MQR ARE ENJOYING THEIR RIC PROFITS NOW