Good spotting damage... This makes things very interesting...

Good spotting damage... This makes things very interesting indeed... From the article:

"The Fox managing director expects a decision on an additional $20 million investment by Jinchuan in greenfields projects within the next two weeks.

Jinchuan has an annual production capacity of 130,000 tons of nickel, 200,000 tons of copper and 6000 tons of cobalt.

The Chinese miner’s interest may extend to iron ore, considering that China's biggest steelmaker, Baosteel Group, holds a 6 per cent stake in the nickel miner, Mr Harper said.

Fox is busy firming up its Mt Oscar iron ore project in Western Australia’s Pilbara, close to the port of Cape Lambert."

An additional $20m in exploration expenditure - tell me that won't fast-track the Iron Ore exploration.

Looks like the Chinese will be the saviour of this bumbling company. At least we don't have to worry about any more equity raisings for a long time!