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It wasn't so long ago the Mo was $50/lb. the price can spike up and Mo is relativley rare. The MD knows that it takes a long time to drill out a prophry. I think a JV won't be done with reference to the 8.5c share price. When the Chineese get involved with things it's often the long view they may go for 50% or 60 % of the project say to get it to BFS. Porphry's are normally so big that it could stand that.

Bottom drawer yes but you'd be surprised at how quick it come's back into play once you take thta position.