can we stick to the facts? Chinese investors are already on board - there is already one chinese director. Does this not indicate that the chinese are seriously interested in Mt Oscar - have a look at the pilbara map - all major projects around mt oscar is owned by the chinese or part owned by MCC including Sino Iron project ($5b project currently being constructed 60km from mt oscar) - Cape Lambert 25km from mt oscar - its pretty simple this is a key asset for the chinese to get a hold of.
Management on the contrary has been boosted - see latest presentation management team - General Manager appointed last year - geos appointed and leading Fe processing conultants have now been engaged METS who have worked on most of the major magnetite projects - lets see how this develops
For presentation go to: http://clients.weblink.com.au/clients/apollominerals/article.asp?asx=AON&view=2583095
$2m in the bank is sufficient to do further work and drilling - remember no major infrastructure like rail and ports need to be built for this project (two options are out there - Cape Lambert Port and Aquila's Port Anketell) this significantly reduces capex - if a 650mt is drilled out this is a 20 PLUS year min life - how much more mine life does one require?
Lets wait and see what happens
GS
AON Price at posting:
17.5¢ Sentiment: None Disclosure: Held
