Interesting announcement out today... exploration drilling set to commence shortly etc...
I actually thought when this company floated it was really only going to be a vehicle for Yunnan Copper Industry Group China to get its hands on the Cudeco Rocklands deposit which is turning out to be massive.
Its been confirmed by Cudeco in annual report and previous announcements a number of talks have taken place with an "unnamed" Chinese Copper company. It seems highly probable this group is Yunnan. So not sure why they would bother drilling new prospects if the real ploy is to get a hold of something that has already had 2 years worth of drilling, is something huge that Xstrata, Zinifex, Bhp will all be eyeing off closely once the Jorc tonnage is revealed, and/or production commences next year.
Anyone else heard anything along these lines??...Good luck to them either way!
announcement out
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