Bidders have until the end of next week to make their pitch to acquire the insolvent Rambler Mines operation.

And by all accounts, there’s healthy interest in the sprawling Baie Verte operation that, despite gold and copper riches, has been shut down since March.

That was due to a conglomeration of issues, including the after-effects of COVID on interest rates and supply chains for parts and equipment, and the resultant impact on cash flow.

That followed default on a loan payment late last year.

But much like the St. Lawrence fluorspar mine, there’s still vast untapped supply and a hungry market for it. And that’s led to a sale and solicitation process in search of a new operator instead of a liquidator.

The matter was back in Supreme Court this week to deal with interim issues and confirm future court dates.

It’s hoped the successful bidder will be chosen by July 28, with court approval and closing expected in September.

At its peak, the Ming mine had between 200 and 300 full-time workers.