"In order to advance the project during this exclusive period, Nio-Star and the SOE" are working together... doing metallurgical and process testing ?
Yes. I read the PR saying that.
It obviously doesn't appear to be an "extension of the JV"... as you put it. It appears instead to be an announcement of a wholly cooperative effort that "advances the project" while extending the exclusive period.
The PR is a proof of exactly what I said... "The Chinese are not focused on "re-testing what's in the ground" at this late date. There is not a question about IF the SRSR rocks have value... or if they have the values that have been reported."
Metallurgical studies... are not about "re-accomplishing assays"...
China accepts, already, that "SRSR has the rocks"... or they'd not be engaged, still, and would certainly not be funding the next round of effort, advancing the project with work that required to support the feasibility study... particularly without China having signed the papers that create a JV... ?
That they're proceeding cooperatively to do the work the proposed JV would require... without having formed the JV... says China has a lot of faith in the company and the project... not the opposite.
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