This news from another company, piques my interest.
http://www.proactiveinvestors.com.au/companies/news/17726/matsa-resources-fields-interest-from-third-chinese-investor-in-15m-ounce-norseman-gold-project-17726.html
Here is a 1.4 million ounce gold deposit at very low grade. The cost to get this out of the ground is high, $760-$900 per ounce depending on the value/quanity of the by-products. Yet, apparently, you have the Chinese interested in this rather not so profitable resource.
IMO, I wouldn,t have expected the Chinese to have this much interest in a play of this caliber. Are the Chinese having trouble finding more profitable in the ground gold deposits to satisfy their demand? I also thought that Australia had a high royalty tax on resources. Maybe investment requirements there are more lenient for different nationalities to play a major part in ownership of companies? I don,t know, but you would think that there is something more that doesn,t meet the eye so readily.
I guess I will spin this around now to fit into our equation. If the Chinese are this desperate to add to there source of gold, its very possible they will want a piece of us.
IMO
