Marcs, would it have anything to do with their original move into India. I remember talking to management about the fact that they kind of stumbled onto Varun by chance and the original JV had nothing to do with them and discussions on this were slow but still in the pipeline. Something out of no where would be very pleasing.
In terms of the Tin, I think the write-up may have to wait until we get some idea on the drilling results. If they are solid I would love Torian to jut farm it out in a JV that ensure they don't have to put in any capital in the short to medium term...e.g Varun and Torian but the other way round.
Marcs flick me an email as well if your keen, [email protected]
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