fox just pulled a rabbit out of the hat

I thought a more interesting title may get some more viewers!! :), but really, I need some others to read and comment on what they think of the joint venture.

It appears to me to mean

*NO capital raising ($3 mill up front and $5mill from share issue
*the new issue at 15cps at a 50% premium to the 10c current sp
*oppies with a strike price of 30cps which have the same date as current oppies(FXROA) of the end of March 2011.
*keeping 40% of the IO asset without having to spend any money on getting it explored or to production.

That is some positive terms. It looks like we can expect a return to production and further exploration from FXR's current main 'focus' asset extremely soon while metal prices are so strong.

= a quick and large share price rise in my opinion.

what do others think??