I hope this deal with Cliffs and Frewest goes through for one reason: Infastructure. It will make our mine that much more economical -- with their large near term investment in rail and power. The rail and power lines will be shared by us, at a cost of course.
I never wanted the Freewest Chrome and all of their shares. I think the Nickel and Platinum are worth $10 per share. I would rather focus on those two metals. If this deal is approved, it will be a blessing for us.
The global economy is not going to roar back, so Chrome demand is going to be subdued for quite some time. Cliffs isn't concerned about that, and they have enough deep pockets to build this mine now.
I hope investors don't come to their senses and take our deal instead. I thnk the Cliffs offer is pretty meager, but the FWR BOD seems to want it.
I would love to know why we wanted the Chrome in the first place. Most likely, to make our Chrome more attractive to sell. I think our BOD is focused on the more near term marketable minerals: platinum and nickel.
Newager