....Under the MOU WISCO and Centrex have agreed in-principle to commence an exploration program at new deposits within Fusion to allow greater mining selectivity and reduce estimated mine production costs. This will see the project move back into a Prefeasibility Study over the next 12 to 24 months to assess the expanded project....
If the Chinese are going to pounce, the best timing would be before the resource sector ride the next upward wave.
There is no better way to suppress the SP than to tell the market the take over target is in deep freeze for the next 12 to 24 months (changing market condition ?? IO stocks are staging a huge rebound).
A mining project with Port (very low capex by industry standard) all ready to go suddenly goes into dep freeze on the eve of MRRT demolition and IO market resurgence ??
Who are you kidding?
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