ord share dilution with capital raising, page-25

Hi emanuel,

Funding is not a problem for ORD considering their big brother is a state owned Chinese mining giant which is arguably the biggest resource company in the world. ORD are free-carried through the due diligence phase of negotiating potential acquisitions and only have to contribute their equity stake in the chosen project.

Ultimately, if China Nonferrous Metal Group agree to a project acquisition their majority share in the project IMO will act as a guarantee for Chinese banks when it comes time for ORD to secure capital for their equity share of the project.

From the last brokers presentation:

* ORD can project manage and carry out detailed due diligence on behalf of the partnership (most partners have no or a small presence on the ground in Australia). In return ORD will generally not be required to contribute to the running expenses related to the acquisition process.

* If the acquisition is successful, ORD can contribute equity capital to secure its share of the target and negotiate an additional interest for its efforts in the process"

JB