Reply to thread

Pretty much spot on Knobby, what they have done is clever and that is to get a Chinese partner to develop their mine (Mt. Marion) with very little cost to the company itself and still retaining a large stake of the project. That stake was sold to the Chinese partner, hence the bounty of cash, part of which was returned to shareholders as a special dividend. Also has big Vanadium/Titanium deposit that is being developed which may take time to get to feasibility and a decision to mine as you said.