impacts of unexpected delays in the tender., page-22

Hi Sundance001.

The Chinese were saying we will not give Funding until SDL have Conventions and Mining Permits signed off.

With Afferro they are saying we will build the Rail and Port Infrastructure,we will sign off-take agreements,we will buy out Afferro.
That is without even a DSO Reserve figure or a Reserve Itabirite/Magnetite Resource figure. No Convention or Mining Permit,No Environmental Study done,No Port Study Done, No Rail Corridor Study done,Nothing. Go Figure that one. All Bluff I believe. Makes No sense.

With SDL their Chinese Rail and Port MOU Partners were waiting for Convention and Mining Permits,Funding and Off-takes before they would be in a position to sign up with SDL.

Regards
Westcott.