Ajax has the Product, KGHM the Expertise and the Money IMO.KGHM has the money, the expertise and the product within Ajax Mine since they invested. Nothing has changed with those three particular parameters listed "other than" the project time-lines while they await the necessary approvals.
My initial buy in was 25 cents and I have absolutely "no problem" waiting for this cinderella story in the making .... to unfold. None what-so-ever. I maintain it is not a matter of if? it's just a matter of when? Gold prices are down market wide as are accordingly mining SP. Many good and solid mines are down in SP, like KGHM / Ajax Mine. I bought their neighbor NGD/Afton before merger at 1.74 (after waiting a great deal of time) and when it doubled in SP sold half of them and the remaining sit in there - to this day. I could of sold those when it hit 14.00 but that boat sailed and I have a lot of patience, as the NGD/Afton cinderella story owes me - nothing.
Bottom line on this AME, KGHM has the money, the expertise and the product within Ajax Mine since they invested, and have done aquisitions like Quadra ( 3 billion all cash offered purchase price ) and neighboring the Ajax mine purchased the Sugarloaf Ranch for a reported 20 million. KGHM is not in cattle ranching but they have kept everyone at the Sugarloaf Ranch in full employment, to this day.
Yes - in my opinion, despite the current market conditions - this cinderella KGHM Ajax Mine is still within the making as KGHM has the money, the expertise and the product within Ajax Mine.
Each to their own ...
GB