new orders, page-222

AKA et all,

Just to finalise this issue once and for all, about the commission that WEG is going to receive for the sale of iron ore.

I have got it from the horse's mouth (Andrew M.) that I was correct in saying what I did, and that the commission, for any purposes, is an expense. And that, that expense has to be deducted from the revenues from the sale of the iron ore, along with the $5 per tonne that we are going to receive as Management fees, before determining what the net profits will be as a result, and before ascertaining the 50/50 for the JV partners. (I.e. PLV and WEG).

Cheers all,
Buddy