I see no rationale reason for why cost's would decrease today compared to years ago, the only thing which is cheaper is oil (ie transport costs), labour and material costs would likely increase. Either way, the mill is millions of dollars worth which WUC doesn't have.
If Glasier secured a toll mill agreement with EF when he purchased the mines why wasn't it disclosed in the announcements by EF? I don't believe there is one unless you can provide evidence to the contrary.
Time will tell if WUC can supply a full load for Pinon Ridge, we have no mine plans or any business plan so there is no way to know at this stage. It would make sense to secure some supply external to WUC as a hedge to ensure there was material coming in which didn't rely on getting WUC or BLR assets online. Even if it was for a few years only it would help with securing financing imo.
R42.
BLR Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
