Post by EvenSteven27on Apr 10, 2026 11:45pm
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Post# 36963724
Agnico/Teck/Mitsubishi JV???
Agnico/Teck/Mitsubishi JV??? I know this is mere speculation on my part, but let me explain a part of my rationale:
1. Western Silver used to be sole owner of San Nicolas in Mexico;
2. San Nicolas rolled into Western Copper in 2006;
3. In 2008, Western Copper and Teck JV'd it with Teck owning 65%
4. Key players: Dale Corman (former Teck), Andrew Stonkas (now retired from Teck), Colin Joudrie (now CEO of Selkirk Copper, $1.5 million of own cash in Selkirk, picked by Chief Nelson of Selkirk FN to lead Selkirk, 30 years with Teck and worked directly on San Nicolas in Mexico and major mine in Mexico)
5. Western Copper Holdings then sold off its position in San Nicholas to Teck making San Nicolas 100% Teck
6. A couple of years back Teck and Agnico enter a 50/50 JV on San Nicolas
7. San Nicolas set to go into production in next year or so (considering to go into production in next year or so (considered Tier 1, but much smaller than Casino) but smaller yearly output and shorter mine life (only 15 years)
8. Agnico Eagle has strategically surrounded us in the Yukon (WG to north, Coffee to west, Cascadia to south and east)
9. Ammar Al Joundi has said he likes district plays and economies of scale
10. Teck/Agnico Eagle are the two very companies JVing San Nicolas
Agnico mines for the gold, Teck mines for the Copper, and Mitsubishi does the offtake... perfect tripartite alliance!
Hoping Mitsubishi ups to 12.5% on May 30th and Mitsubishi board member is appointed. We can do so much with a Mitsubishi board member on our team. United we stand. Six months to head Rio off at the pass or keep them in check.