I'm assuming JV discussions will ramp up again after the San Luis permits are granted.
I had heard they were in discussions with FMG originally, for something like $30 million, but I've no way of telling if that's true, my source is usually reliable, but even he may have been fed a line. There are always these rumours down in the regular mining traps around Perth watering holes.
(Quote from the Sydney Morning Herald last month)
Fortescue Metals Group boss Elizabeth Gaines says one of her goals as chief executive officer is that the company’s exploration activities find another commodity that could be mined.
The company is also establishing a presence in Argentina, a country which it believes is prospective for copper, gold and lithium.
(End Quote)
Anyway, the San Luis permits are a priority, and it will be very good news when these are granted. I'm expecting more news on the re-starting of JV discussions after this happens.
Gw
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