AGO Admin,
Very good interview with lots of details, including Frank's "interesting" answer to the question on potential merger, see video @ around 14:15.
- FN to take ownership of the infrastructure portfolio via an Authority (Fed Port Authority would be just fine, actually better, imo) with a governing body including key players. This idea has been there in various proposals.
- What's new is the idea of putting the common underground hoisting for both the Ni and chromite extraction in this infrastructure package for the Port Authority to manage. The companies involved (presumably, they are NOT and KWG) will pay toll for whatever hoisting portion they are using (the Port Authority can raise its own money (big bucks) through long-term bonds or public/private money, ...and of course, government grants, they have ~$2B in their hello kitty/porky bank, would be greatly appreciated, for building the infrastructure, including that hoist, and the RR, and the toll slurry pipeline).
Innovative idea!
But this does not really answer the merger question. However, it does not preclude the merger possibility either.
>>>George: Keep them interviews coming in the days ahead!
goldhunter