RE: After spending $100 M will Chihong walk away e Chihong is heavily invested in SWN because they understand the potential here. This reserve could become one of the world's largest. Many of these other large scale zinc/lead mines are coming to the end of their life span. There will be great interest here. This could be one of the biggest plays of 2013
"Chihong is funding the next $100M of exploration and development activities. Chihong is a fully integrated mining and smelting company based in southern China. Together the partners will seek project financing from Chinese banks.
Selwyn Project hosts perhaps the largest undeveloped zinc-lead deposit in the World. Initial mine development will focus on 16.06M tonnes of high grade Indicated mineral resources grading 10.06 % zinc and 4.23% lead and 26.70M tonnes grading 8.81% zinc and 2.81% lead. Initial mine production is forecast at 255,000 tpa of zinc and 65,000 tpa of lead in concentrate; commencing as early as late 2013, coinciding with forecast shortfalls in mine supply."