The Company is a Canadian based mineral exploration-stage company that explores for commercially viable gold and base metal deposits through Company-funded and partner-funded exploration.
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Okay, miners do not interest me. But when a company with a lot of money and expertise like Agnico-Eagle buys up almost ten percent of a dirt cheap company....NOW I'M INTERESTED! If they are willing to put that kind dough in Rubicon, maybe I should, too. That kind of investment also signals thoughts of an eventual buy-out, although here I'm a little more wary as consolidation in the mining industry has proven either problematic - witness the adventures of Billiton and Vale - or just hasn't happened a la Jim Cramer's routine reassurances that Alcoa will eventally get snatched up. Rubicon, however, just seems more of a do-able project and, if Agnico is not interested in a buy-out, they sure are interested enough to get my attention.