Re: Relative upside potential and risk to WEL
in response to
by
posted on
Aug 02, 2009 12:17PM
The company is now known as FUSE Cobalt.
Here is where the problem exists. San would only be interested if at all in the gold properties. John Knowles is interested in the vms and zinc properties, so a more likely scenario is SKP will option more of the Rice Lake properties and WEL will go with the copper lead zinc. San has their plate full and are having a hard time managing the existing properties and getting profitable. They will wait for a junior such as SKP, or COU to drill and find deposits before they do any more optioning. The Timmins properties are hard enough to find time for.