You are wasting your time with those figures. Those figures have been published to drum up future support. It's all hogwash in my opinion.
All I know is that they anticipate/project to earn CASHFLOW of $125 million over 9 years!!!!!!!!!!! What sort of a return is that on a capital investment of over $63 million in years 1 to 3. They always leave out other expenditure or get it wrong.
Don't complicate your investment by comparing 2008 and a year(s) still to happen.
Jinchuan poured in I think for memory close to $20 million a few years ago, Streeter too poured in a few $million. Why haven't these guys poured it in again if it all stacks up?
Easy choice for me. Stay away from rubbish and you will never smell.
I might have some of the facts slightly wrong but my basic anlaysis is correct.
Good luck. You will be pleased to know that I won't say anymore on this fox. I've tried to make my point. That is, the Fox is nothing.
By the way I have a pretty good track record in identifying dogs. I could list them all here but want to stay on topic. I do hope I'm wrong for yours and others sakes.
Not even great management can extract minerals out of the ground it does not hold for economic development.
:) Nic
FXR Price at posting:
9.3¢ Sentiment: None Disclosure: Not Held