Gday all,seeing as there has been a bit of talk about about take overs i thought i might just open this thread for a bit of discussion on one of the quieter hc stocks.with wah nam now holding a 19.9% stake in both frs and brm it could be seen as the first real step in the touted consolidation in the junior fe space.in past contact with the company it would seem that these two would be a first logical tie up, as to when, i believe it would be once all the dfs are complete and there is a decision on which rail option is decided, as i am discounting any deal with bhp at this time.at the moment i lean towards tpi and fmg simply because it's already there in place,but possibly the best outcome would be some sort of arrangement with hancock with regard to both rail and integrating nwioa and hancock port facilities.this would i think necessitate pushing out the timeline a bit.so with brm's dfs due shortly i think and frs hopefully by early next year, both projects getting upgrades to their measured and indicated resources, mining licences in place,the same major cornerstone investor now in place and the possibility of having a spread of different grade and blend of product with long mine life, things could reach a critical mass within the next 12 months or so.interested to hear what you might think westcott, with a foot in both camps.comments from brm holders welcome as well.cheers.
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