I'll stand by my 15Mt @ 3g/t PGE estimate. Thats what I see coming out of this announcement and the previous announcements.
I still don't think this is on Xstratas radar yet. Once its near to producing, maybe. Xstrata's M.O. is to buy mines or near-term producers. It JV's with everyone else, and I'm not preaching to the choir when I say MMB doesn't need a big daddy to JV in and destroy their equity in this project.
So, I just can't see this kidn of action happening before mid-2009 - which is a long way away in the platinum market.
MMB Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held