"If what Fox are shipping now is small in comparison and enough for Jinchuan to be interested then they have put their money where their mouth is and bought in knowing the gamble will be sufficiently worthwhile~!"
Agreed Drillfix.
I also note that Jinchuan have an offtake agreement and 10% holding in Allegiance Mining - is this a new pattern emerging?
With this in mind, the M&A rumours may have more weight to them.
I'm hoping with the influx of fresh funds they start getting really aggressive with their exploration. My sources tell me the FXR former Exploration Manager is helping out from the sidelines - this raises my confidence significantly.
FXR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held