The SIG are in no hurry. When did Inco discover the asset? 1960's. That's 50 odd years ago. How much has been developed at Isabel? Nothing. In 50 years. Nobody every bothered. No BHP, no RIO. Maybe ask yourself why that is.
But of course PPP said it would all be done by August, no wait September, wrong again we meant October. Wrong again with their "extensive research". But thanks for the consultancy shares RM
To someone like Sumitomo Isabel is worthless unless they can develop all the neighbouring areas as well and they would not do that unless nickel goes up another 50%. 160mt at 1% is nothing.
Didn't you guys predict SMM share price demise if they don't get Isabel? It's share price at 5 year highs. Isabel was just small fish. You should have sold your AVQ and invested in SMM instead.
If the Chinese get it I reckon they will just sit on it like they do with African tenements but they got the cash to take care of people.
RM got too greedy living it up in the SI making far more money than any Minister. He spends half his time going to the airport on the next business class flight to meetings that don't go anywhere. Don't think this does not go unnoticed. Small community.
AVQ Price at posting:
21.5¢ Sentiment: Sell Disclosure: Not Held
