Cloak - thanks but most folk knew ARH and China First are two...

Cloak - thanks but most folk knew ARH and China First are two different tenemants.

What most of us are considering though is that once Citic Pacific gets into full production OPalmer's mineralogy will be getting circa $500m per qtr in royalties.

Also when Resourcehouse floats they will have a considerable cash kitty for development of the proposed projects. Resourcehouse may also decide to make an offer (whether by scrip or cash or a combo of both) to takover ARH and develop it firt given all approvals are in place, it is closer to the coast etc etc.

Given there is snr mgt crossover between Resourcehouse / ARH you would ahve to think there is a master plan there somewhere.

While Resourcehouse may not directly benefit ARH straightaway it does provide a few more options for its development.