These JV's aren't all that they crack up to be Raymond. The majors pull out of them regularly and at stages a lot further progressed than where we are at now. And I don't believe the previous drill results from 2007/8 provides that much certainty at OD notwithstanding that they are particularly relevant to the planned drill at WE. Having said all that I do hope they find significant mineralization. Interesting to note that BHP have plans to build a pipline from a desal plant on the coast to Olympic Dam. Fingers crossed. The die was cast hundreds of millions of years ago.
AXT Price at posting:
13.0¢ Sentiment: None Disclosure: Held