Ann: Major High-Grade Fluorspar Discovery, page-24

All PEK are doing is a dress-up here, lip-stick on a pig etc - to see if they can extract maximum price from Shenghe for a TO or mabey someone else. They can drill as many farking holes they want but they know they have zero chance bringing this to market cause they have no operational scale or the amount of $$ required and anymore CRs are not going to be tolerated. What they need is a proper JV player who will buy in and develop, if they can, then get Sheng a bit nervous and play them off against each other, I see another player coming in here but pure speculation. Then there is the question around Macquarie....