growth path

I believe once we have a decent resource confirmed cash will be much easier to raise.

I remember the deal mike young struck with bc iron . He took 50 million dollars interest free from heng hou , he repaid the money over 6 years ,gave heng hou some options and they sell 2 million tons a year of iron ore for 5 years a few percent under the platts price. (the deal was more or less like this I can not remember exactly)

It was a great deal at the time for bc iron and heng hou have done really well. Cleveland could have many deals such as this in the pipe line once they have a resource.The iron ore mine next door 20 million tons a year project was sold recently for a billion dollars!

I am looking forward the the premier and capita0 drill results the Anglo Gold Ashanti Serra Grande have mined 3.5 million ounces of gold over 24 years situated < 1km away in same geological setting. The drill results could and should prove up we have a world class gold mine.

Its funny but i think the iron ore drilling if successful will catapult the sp , but the gold over time could be just as exciting. capitao had thousands of local laborers mining over 10 tons of gold with their hands ,this type of mining is banned now in brazil but the gold is still their shooting off in every direction.