Formation Metals market cap now under $20 million. Refinery right the road from Galena mine. A great acquisition opportunity for USA? Could save a lot of bucks.
No doubt that the refinery could be a cash cow if run by folk who could close a deal. Why is FCO having to import dore from Mexico to process at Big Creek when the Galena and Coeur mines, just a few miles down the road, are producing thousands of tons of Cu/Ag concentrates per year that could be 'smelted' and refined? Why are Galena's and Coeur's Cu/Ag concentrates being shipped 2000 miles to Xstrata's Horne smelter Quebec instead of 20 miles to Kellogg when just the savings in trasportation costs to USA would be millions of dollars per year?
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