Good point as to why the Crown Polymetallic Deposit was dropped but simplistically the reason will probably be because LYC were more than in the process of planning to sell this to FRG.
Let's not forget the facts that The Board Of LYC (not just NC) has obviously approved the discussion of a sale to FRG.
I wonder whether the seed for the idea was planted from the fact that the majority of investor/funding interest has been in MT Weld REE and not the Crown/Coors REO deposit and therefore the decision was made by LYC to concentrate on the REE deposit and 2XPlants and so that the REO deposit could be showcased in a different company forum so to speak?
Also not knowing what the future will bring in terms of the market and funding generally - they may have deemed it necessary to spin the project off so as not to risk the REE project of LYC business? ie separate off the 2 projects in case 1 (namely the Crown project) gets into difficulty? ie risk minimisation
I agree with chihawk that NC is subject to critique as much as the next CEO though.
Just not everything is a conspiracy........:)lol
BTW I can't remember who posted (when NC sold some of his shares recently) that NC wanted to sell out cheap to the Chinese like it was no "big deal" when that poster forgets the tight spot NC and LYC were in at the time with their backs to the wall......with funding having dried up as a result of the GFC.
LYC Price at posting:
$1.99 Sentiment: LT Buy Disclosure: Held
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