If AMD finds a monster, then RIO won’t want the Chinese next door. That means they will have to buy the AMD project or the Chinese will. Flanagan has those Chinese contacts. The drill bit going through fat 60% FE hits across some strike will do all the talking we need to hear early next year.
AMD does not need to find massive tonnage to xxx. It’s a numbers game. Risk reward play.
Ann: David Flanagan leads recapitalisation and Board Restructure, page-54
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