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.
