Meanwhile back in the real world, Altona (AOH) entered into and agreement with a Chinese group this week to contribute US$215 million to develop their low grade copper project in Qld. Adds to my argument that RXM should have parked the project a long time ago and looked for a partner in preference to throwing shareholder funds at more expensive studies which RXM has yet to demonstrate can be financed. Still impatiently waiting for an update on the next move!
