ganja, yes Puma would first have to prove up through drilling a sizeable resource in -order to attract a senior. Puma being a short truck ride to the smelter and open pit at this point would be a low cost producer for some one to own. The large smelter is looking for feed such as from TORONTO (miningweekly.com) – Giant trading and mining company Glencore has struck a deal to buy a 7.8% stake in Canada’s Trevali, which owns a zinc mine in New Brunswick, for $18-million, sparking speculation that it might be eyeing the entire company.
Bigger companies snapping up smaller producers in a string of deals in recent months means that Trevali cuts a lonely figure as a TSX-listed pureplay, and it could be only a matter of time before it too finds itself in a takeover, Raymond James analyst Adam Low commented.
"As a junior zinc producer, you don’t last – you get acquired," he said in a telephone interview...PS" Puma first must drill and get the share price up but Puma sits in the right location at a time commodities are in demand.Traps7