Long term holders will remember that the Richmond/Julia Creek/Lilyvale precinct was originally thought of as an oil play with Vanadium, Copper, Nickel and Molybdenum seen as essentially bonus by products. Now the area is seen very much as a vanadium precinct with everything else seen as by products. My question is, particularly in relation to our Chinese and American (shale oil) partners, where do we stand in the secondary products area? What about the oil in those areas where our agreement with the Americans does not stand? Are our Chinese partners considering the value of the oil? Do they have a right to it? What about the N, Cu and Mb?
I know that this is probably perfectly explained in some announcement but we have so much going on that I have lost understanding of these matters and some guidance would be greatly appreciated.
IRC Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
