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Saturday, 10/18/2014 6:10:58 PM

Saturday, October 18, 2014 6:10:58 PM

Post# of 165851
Former Barrick CEO Seeks More Purchases After Mine Deal

Magris and its partners agreed to buy the Niobec mine and a nearby rare-earth deposit from Iamgold Corp. (IMG) for as much as $530 million. Regent said the operation appealed to him because he sees strong market fundamentals for niobium, which is used to strengthen steel, and the mine generates significant free cash flow.


It looks like Magris and partners have lots of money.

http://www.bloomberg.com/news/2014-10-03/former-barrick-ceo-seeks-more-purchases-after-mine-deal.html?cmpid=yhoo