Did everyone read last Friday's SMH. The main story was about the Chinese reassessing o/s investment because they have been burnt many times. This also applies to the GMR deal. That's why there has been a hold up. I say the deal now looks very doubtful. However the Chinese will still be buyers of copper from Mineral Hill and with plenty of cash in the bank KBL can go it alone, just on a slower basis. So everything is going to take longer than expected, that's all. They need to start mining the higher grade copper with gold credits for a quick accumulation of cash and then with capital ramp up production.
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gmr deal in doubt
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