Ista has been trolling this company on boards for years. Under yahoo's old format he had over 10,000 posts just bashing them. It's a penny stock, you are right to be careful, but that guy has mental issues (if you knew his name and history you'd understand, and no I'm not posting it here) with those he's perceived as getting the better of him.
This latest PR is only the first of at least 3 or 4 that could be announced before the end of the year. And the reason it's significant is because these companies have spent the last 6 months doing extensive due diligence on the ore. The PMs are there, they know it, and now they are willing to deal.
To say there are no PMs assumes these large miners (a couple of which I've heard are top 10) don't know how to test ore. Does it make sense any of them would contract without knowing exactly what they are buying?
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