I seem to think that this will have a HUGE impact on the operation planning for many juniors. If a junior that was hoping to get into production in the Snow Lake/Flin FLon area, now they have to contend with shipping concentrates to another facility.
If there was to be more deposits found in the area that had significant economical impact, they may change their tune, but as it stands, with HBM not having any significant reserves in the area, it doesn't make business sense for them to upgrade.
This is going to devalue quite a few plays in this area. I tried to show that on the VMS board, but they are not in tune with that. VMS stock should have risen along with the price of copper, but it has not, and I am sure that this is a factor.
I have been reluctant to hold my position, except for the fact that there is a pretty big deposit at Reed Lake. Thank goodness that WEL has the Rice Lake area or they might be in the same boat.
just a thought on this subject. If anyone can dispel my logic, I would appreciate that.
AK