well what about all the ore they havent drilled out yet?
if any deal does happen why should the chinese get access to an upgrades when they wont be paying for it, ie they are buying in at 600mt. myabe management should say, by the way if we do further drilling and resource tops 1bt then the JV partner should have to put in more cash.
in any case, the guys running this dont have long until they are out of a job.
AXO Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held