mt oscar iron ore deal

Okay first time I'm going to say this in 2 years.

This company has finally done something right. The announcement not up on HC yet - but summary:
1. $3m upfront payment
2. $20m payment via instalments
3. Gets new guy 60% of rights to Iron Ore at Mt Oscar
4. As well as that he has purchased the shortfall of shares - 33m+ at 15c to raise $5.07m

This cash inflow should significantly help Fox get out of the doldrums, and allow it to progress with the heap leach project.

I just really hope they actually can reach production with this amount of money, and not piss it up against the wall!

It is about time that some luck came our way. I won't give a SP estimate, but hopefully this should see us rerated in the medium term. First time in a while I can say I'm a 'Buy' Sentiment.