Antofagasta cash flow has been -1B over the last 2 years with 0.8B left http://amigobulls.com/stocks/ANFGY/cash-flow/annual . With Cu still low I suspect they are drastically cutting back on spending. So their pulling out of Punt Hill could be more of a comment on Antofagasta than on Punt Hill. MOX though has little cash, so paid in shares to get Antofagasta off the hook. A desperation deal for Antofagasta?? Could be brilliant for MOX, but they will surely need another partner to continue. Interesting. Happy to watch from the outside for now.
MOX Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held