still raw, page-7

WISCO - CENTREX JV is clear ; There is no upside from futher anouncments;

It will be long hold for many ...


1. Port needs to be agreed 80mln CXM share
2. Power plant approx 30mln as well, cXM share
3. Rail roads ? mln ???

THere will be over 160mln investments before anything can be moved;


Now JORC will not be out for at least one year ( end of 2011 )


CXM Share price has been at 40 c last year ; They just keep changing strategy;

It is expensive busness Iron Ore ... the only thing going for them now is some cash ... approx 26c per share backing ;

Chinese got share at mid 20c

Too early review after few months