Post by
Lotten on Jun 24, 2021 3:21am
Refinery Again
We can see a development all the way from the news article in january and to the update from yesterday. The refinery solution is a part of the Nico project whether you like it or not. And it is also a key factor to make progress for the project.
Personally I don't think they are looking to build for themself. There will be an collaboration.
This is what they say in the update:
"The priorities were focused on permitted brownfield locations with existing facilities and personnel to materially reduce the capital and operating costs for the refinery and to accelerate development."
I think a final decision is very close. And when the decision is taken the Nico project will start to move faster.
Again from the update:
"Fortune’s near-term priorities are to complete the site selection and negotiations for the NICO Project refinery collaboration."
"Discussions are also continuing with potential strategic partners and are expected to accelerate once the refinery site is finalized."
My conclusion is that the refinery site solution will be the door to be opened next, and I think the shareholders will enjoy what will come afterwards.
Comment by
geolith on Jun 24, 2021 8:34am
Agreed, but my point is that Osisko isn't looking to build or partner with a smelters or refinery on Pine Point, and neither is Norzinc considering one for Prarie Creek. Fortune has focused on a build, because it maximizes return on Nico. There are alternatives.
Comment by
red on Jun 24, 2021 9:36am
Point taken ... FT has always promoted it self as a vertical integrated operation, soup to nuts so to speak and would be nice ...but as you say there are alternatives or combinations thereof. As this unfolds I doubt we will be disappointed and I am excited as this unfolds.
Comment by
red on Jun 24, 2021 11:00am
I dont Think Your strong feelings and wishfull thinking of ideas is off the table.....FT has options and i think we would be wrong to discount what you have presented. All i said was options and combinations thereof - i feel much better that something palatable will come of it all.
Comment by
reddog11 on Jun 24, 2021 1:48pm
I understnd Red. I do appreciate your very rasonable discussion ability. Refreshing. RD