GREY:ADEXF - Post by User
Comment by
VENManon Mar 14, 2013 10:14pm
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Post# 21133126
RE: RE: RE: RE: We can find hvan!
RE: RE: RE: RE: We can find hvan! The nugget strategy was changed after XXP got involved with AXI. AXI thought the nugget strategy was a good one but XXP changed that. I think there is a lot that XXP is doing with AXI that is more to their liking. After all they do have an XXP executive on the board of AXI which is always a positive sign when it comes to looking for commitment from a major. I think for example of Tuktu and the drilling that is going on and XXP getting in with a $20 million dollar commitment and making sure to include it in the mix with RB and that development going forward as a good example of the kind of player XXP wants to be in the North? A billion dollars even two billion dollars and they will be mining iron ore up there for the next 150 years or more and XXP knows that. But hay markets are bearish so take all the time in the world you want to fork over the JV. Look the iron ore that is there is going no place, so i think XXP is going to stick around. But all that matters is what you think, remember that!
Better late than never but never late is better!!