I run onto in interesting article from Oct. 2013
It seems to me they have strong financial backers.
Interesting reading from:
http://ceo.ca/tag/coalspur-mines/
"...The company has strong and loyal financial backers including Haywood Securities, Deans Knight Capital Management, EIG Global Energy Partners and Highland Park (the original LionOre Mining founders)."
"...CPT is showing resemblances of LionOre in that in early 1997 you could buy LionOre Mining in the $3-$4 range, then following the collapse of nickel prices, LionOre could be bought for $0.50 later that same year. By 2007, the company was in the midst of a bidding war which saw Norilsk Nickel buy them for $27.50 per share, all cash. The people that made the most money off of this deal, including Deans Knight, were loading up as the price collapsed."
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