A quick glance back through the announcement headlines that Fox put out in 2006-2008 suggests the company had a vast quantity of resources in the ground around Radio Hill just waiting to be dug up. Was it all a big con job? If not then why aren't they processing it right now for profit? Prior to the GFC they were exporting copper and with Jinchuan's funds supposedly to be spent on improvements to the Radio Hill plant I can't see why they haven't been back on stream, selling at decent metal prices. If I had been a shareholder these past two years I'd have been badgering management for the answers.
FXR Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held