About this stock, I really don't know but I bought some for...

About this stock, I really don't know but I bought some for today's exciting good news.
Definitely not sure for me tomorrow what I will do.

But in my mind:
Eventual company's 30% interest seems very small portion.......
Near by Century mine almost runs out of resource (feeding stock).
Not sure where they processed ores....in Australia or in China?
And near by, it seems, there is Glencore's processing plant.
All these facts(?) indicate that probably RXL had far more advantageous stance when JV negotiation with Teck.
But it seems MD Ian is satisfying eventual 30% interest in comparison with other JV cases such as SIR, SFR (TLM)
and he also said about 5 to 10 years to develop......
Any under ground resources wherever whatever those are all Australian (nature's) assets.
Not like above JV cases, Teck is a foreign company.
Definitely it seems 30% JV interest with a foreign company is too low .
In this regards, MD needs some more courageous, bold, manly and price wise spirit.
If the company sells ores to Chinese Century, it could be within a couple of years to develop or so.
Definitely must not sell Australian owned assets too cheaply, imo.

Regards