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Rubicon Minerals Corp. is an advanced-stage gold development company focused on the responsible and environmentally sustainable development of its Phoenix gold project in Red Lake, Ontario, toward projected gold production in 2014. The company is well-funded and its flagship Phoenix gold project is fully permitted for production. In addition, Rubicon controls over 100 sq mi of prime exploration ground in the prolific Red Lake gold district which hosts Goldcorp Inc.'s high-grade, world-class Red Lake mine.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Daniel Earle, TD Securities
"The Ontario Court of Appeal announced it has overturned the Keewatin v. Ontario decision. . .we believe this is a positive development for Rubicon Minerals Corp. in its ongoing legal dispute with the Wabauskang First Nation (WFN). If the Keewatin decision was upheld, the WFN would have had a stronger case in its planned lawsuit opposing the permitting of the Phoenix project. . .while the case may ultimately graduate to the Supreme Court of Canada, we believe this afternoon's decision reinforces the company's strong legal footing in this matter."
Pope & Company Morning Notes
"Rubicon Minerals Corp. applauded the Ontario Court of Appeal ruling on Monday in which it overturned a decision in the Keewatin case. According to the original decision, the Ontario government could not approve projects in places where First Nations groups have treaty harvesting rights."
George Albino, GMP Securities
"The Keewatin vs. Minister of Natural Resources in the Ontario Court of Appeal has been overturned. . .while either outcome of the court of appeal reduces uncertainty on a go-forward basis, the overturn decision marks an important milestone for Rubicon Minerals Corp. With this ruling (even accepting that an appeal to the Supreme Court is likely) the risk to the company's timeline is significantly reduced."
Daniel Earle, TD Securities
"Rubicon Minerals Corp. announced that it has consented to the Wabauskang First Nation's (WFN) request to postpone its application for judicial review of the company's production closure plan; the WFN requested the postponement so a decision can first be made by the Ontario Court of Appeal regarding the Keewatin v. Minister of Natural Resources (MNR) case. . .in our view, a resolution could be someway off but we believe the company is on strong legal footing and do not expect any delays in the development of the project as a result."
Andrew Kaip, BMO Capital Markets
"Rubicon Minerals Corp. announced that it has reached an agreement with the Wabauskang First Nation (WFN) to postpone the application for judicial review of the mine closure plan for the Phoenix project. . .we have a positive view of the postponement, as it indicates that the WFN appears to be focused on deficiencies within the consultation process. In the interim, ongoing communication between the company and the WFN may lead to a constructive outcome."
Rubicon Minerals Corp. Content
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