:Isn't the CRE / FML toll treatment arrangement with BGS finishing next year, because BGS will have extra ore, and no capacity to mill for others?"
The only potential ore supply I know of is from Granny deeps and I think they have canned that - or at least delayed it massively.
As far as I can gather - other than fml - the obvious buyer with a vested interest -- it would take some other entity with very deep pockets to come along and buy Granny AND develop deeps at the same time.
So, how is my 8 on the silly side going?
Granny without a big pocketed buyer and without fml is pretty much worthless and without fml right now would be on care and maint. - or damm close at best.
It is not something we 'have' to have - but if we swung it - it would make an enormous difference.
Maybe enough to make you go long rather than short?
pinto
chairmans letter, page-25
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