MinRes seems a very logical development partner for both the Bucklands mine and the Bucklands port project.
They have a circa $330m hole burning in their pockets from the sale of the crushing plant to FMG.
A port partnering would give significant development and technical MinRes expertise. They would be seeking infrastructure type returns from shipping IOH and third party ore.
A mine partnership would also work given the impressive development timetables we have seen at Phils Creek and now hopefully Iron Valley. An extra 8mtpa from Bucklands would give MinRes more scope to the mining business in expectation of an eventual sale.
Not sure about a merger given Stokesy will want his side of the upside but there seems to be a lot of potential partners out there. Hopefully we get some announcements soon on a financing and development partner.
MinRes seems a very logical development partner for both the...
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