latch, I know only that Reed Resources aims to be in production by December 2012. Today MLX upped their shareholding in RDR to 5% being first in recently at 4.45% roughly. WGR has the gold to use in RDRs nearby plant. CEO (new in May) of RDR, Luke Tonkin, is well known to Chinese shareholders of MLX having been associated when he was CEO for year of Mount Gibson Iron (MGX).
Very interesting indeed. Just hope the agglomeration into
MLX, the only tin producer in Australia, (tin I think is around US$25,000 a tonne) Metals X a better deal....it should do....I just wonder how good their PR is!!
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