Carr Boyd is stuck due to Consolidated Minerals and their takeover bids (see here http://www.forbes.com/markets/2007/11/14/consolidated-minerals-bogolyubov-markets-equity-cx_jc_1114markets01.html)
No question they are looking to divest the Nickel assets and I'd say that the hope is that the funds they receive for both Carr Boyd and Irwin Hills will mitigate the need for any capital raising in the short/medium term. Iron ore is the main game now. Irwin Hills has a resource of 180,000T of Nickel... so have no idea what this is worth in the ground.
Should also mention that WR talked up the prospectivity of Brockman's new tenemanent "Duck Creek" for more Iron Ore. Anyone know anything about this tenament?
YML
unknown
Carr Boyd is stuck due to Consolidated Minerals and their...
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