When I read the announcment i see a big dollar sign all over it.
it is a great opportunity for the meduim term holder staring us all in the face.
one or two weeks and they are getting approvals, then start drilling.
This is not resource drilling, this is actually the start of the project. they are talking athe location of the plant already!!!
Much less red tape in china, the chineese mean business and they want this up and running as soon as possible. there is no comparison to the situation in Queensland or in Australia in general.
This is a multibagger in the making IMHO, the coal is there, the technology is there, the finace is there, the expertise is there, and above all the political will of the chineese corporate and government to make this happen is for all to see.
The run the last two sessions was nice, but this has legs to run a lot more , just look at the volume, you expect people to take profit along the way though, and nothing is wrong with that.
I used to trade cxy around 10-11 cents mark not that long ago. i have got the feeling that i will be doing this again in the not too distant future.
Dyr
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