100% vallenar iron , page-11

Does anybody know where this is up to, What is left of the stockpiles and the contracts that ADY had in place. What is the stockpiled iron ore worth to ADY . Is this something they can do ASAP to turn a profit and cash flow.
�¡ ADMIRALTY CONTRACT
Admiralty Resources NL has won a contract to supply iron ore to China�fs third largest steel maker, Wuhan Iron and Steel Co. The Melbourne-based company, which expects to sell iron ore worth up to US$65million to Wu-han, is planning to invest US$30 mil-lion at the Punta Alcalde port in Chile to facilitate �eCape-sized�f vessels. The port is 60km from Admiralty�fs operation at Japonesa, and the expansion will reduce the company�fs shipping costs by at least US$8/t. Under the terms of the contract, 940,000 t of iron ore will be shipped between February 15, 2007 to September 30, 2007, from the handymax port of Caleta for total revenue of approximately US$45-65 million. A number of US and Chinese construction groups are reported to be interested in the port project, which has a target completion date of January 2009