Phoenix Matrix obviously thought that White range fitted well with the processing plant that CFE have now acquired. From my memory though I think MRX had plans to process ore from the northern ore bodies first and then move onto White Range. Anyone know more about this?
Tony Sage is a smart man. I have no doubts that he would have been having some meaningful discussions with QMN management. Why wouldn't he? It would be advantageous to both companies.
mmmm ineresting....very intesting
Do CFE have deposits that could be used? I don't know.
On a separate point. Its surprising given the liquidity of CFE that they weren't able to get in before QMN on the bid for White Range as well. I guess they just didn't move fast enough. Or is their liquidity only a recent thing? Obviously I'm not disappointed that QMN won the ace though.
QMN Price at posting:
8.2¢ Sentiment: ST Buy Disclosure: Held