Looks like first MoU with Chinese group Sinom has been signed - sinom were major shareholder in Mt Gibson - strong China based group Quarterly report shows discussions with a number of interested Chinese parties to fund development of Mt Oscar - as with Twiggy and other iron ore companies it takes time to finalise deals with third parties Mt Oscar appears to be the last major magnetite project not owned by chinese - chinese bought Cape Lambert for a big sum last year which is up the road could be interesting - drilling starting in August so that could get things going
AON Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
