Broomy,
CFE will get around a dollar per ton for ore shipped by AM, which is expected to be 9 million tons per year. AM will also do the repairs to the RR line and port (AM is building their own spur but will use ours first.). Sounds too good to be true, but TS says he's been great buds with the AM CEO for 16 years (if memory serves).
Announcements expected this Wednesday.
Drilling results for one Marampa site expected Wed. or later this week. TS feels one site only is to be drilled as that's enough ore for 10 years. He asked the exec in charge, who was at the meeting, twice to give us a hint as to what the results were, but the exec refused both times. My take is we'll be real happy with them as TS would not have pushed if the results were not great.
I'd put in a buy first thing Wed.
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