press release outtomorrow that McGoo has agreed to sell Detour land only, to WM for 1 billion of WM shares with a up front value placed on them of 2.00 per share. Also getting warrants to buy 1 billion more WM shares within 20 years for 5.00 per share. This is kind of like Japan buying Pebble Beach back in late 80's for 800 million and spending 500 million on reno and selling for 400 million few years later. McGoo figures this will get KL shares going in right direction asap.
He will be resigning from WM board after master minding this venture into NE Ontario.