Very interesting. They are moving fast on the MOX ground and certainly excited about potential in the area. I note that MOX now have 90 days to make a decision about retaining their 10% stake. On that basis we'll be looking at making the same decision by around about the middle of next year. I'd love to see the company in a position by then to have the choice to hold 10% - if we had that strength we would also have the strength to have other options eg realise a good sale price for the asset.
I don't really like the Net Smelter Royalty 1% option. These can occasionally be very lucrative in the long term on some few great finds. Maybe the area will be that, maybe not but even so we'd be years from an NSR having strong commercial value wouldn't we?
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