The Chinese are investing in natural resources around the world and they have a major interest in our sister property Nemaska (right next door to TUCA's Abigail property). I think the CEO of Nemaska has a conference call on this subject set up for today.
According to the Ministry of Commerce, PRC, China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of $56.5 billion, actively investing in Gold, Iron Ore, Copper, Coal, Uranium and Nickel to fuel its economic boom. Chinese steelmakers are investing directly in overseas resources, as a hike in iron ore prices and constrained coking coal supplies threaten their bottom line. China will continue to strengthen its gold reserves by acquisition of overseas gold mines.