its a new thread !, page-51

sonoftherock---it may not sound plausible---that is why i rang Altona to clear it up for me---The key point is that Altona holds the lease,not Xstrata---so,the way you put it---Xstrata up front driving the bus -yes-----but they are driving it on Altona's land----there will be no shares issued for this option,so no dilution---this would turn out to be a win win for both companies,however as most people here understand,Xstrata is not famous for doing joint ventures and in my opinion,at some time in the near future,they may make an offer to buy the remaining 49%,but it would be on Altona's terms.I dont think Altona will want to sell the remaining 49% as there is too much undiscovered minerals in the Roseby project area.There is also a couple of sites not covered by the option which means --even thou Xstrata has this option---it doesnt cover the entire Roseby area.