What is next for Chihong Canada? Make an offer 75cents a share?

"It is contemplated that the feasibility study will be completed in late March 2013 utilizing the remaining funds within the Joint Venture bank account: $5.37 million as at October 1, 2012. Upon completion of the expenditures remaining in the Joint Venture bank account, Chihong Canada will have vested a 50% interest in the Joint Venture."