RE:RE:RE:Good News....First Quantum to expand Kansanshi
RT essentially have been given the first option on joint venturing our licenses and would have to drop out for FQ to step in . They could drop out anytime they feel if they dont see a billion tons of ore ( 1% ) which is their minimum threshold > That equates to 22 billion pounds Cu. The drilling to date has yet to prove up this potential , The Mitu remains underexplored as they have concentrated on what was called the Dumbwa - an area over 13 miles of strike with rich soil anomalies ..Information from RT has been sparse on this subject , but we hope to hear more at the end of this month .
I feel very confident that FQ would seize any opportunity to work with MMA should RT droip the ball.They have far more already invested in infrastructure and are planning a massive expansion . If it were not for the previous regime manufacturing an $ 800 million tax hike that froze development , Midnight Sun may well have been on the path of being taken out. .
Nothing to stop anyone taking up to a 10% position anytime