uhm, page-15

Remember FMG in 2004...

Forums were full of people saying that they would never get the funds to build the necessary infrastructure. If SDL confirms a JORC resource of 800 million tonnes, they will fund the infrastructure, through combination of debt and equity and/or bringing in a joint venture partner.

If SDL does bring in a joint venture partner, i hope its ArcelorMittal, due to proximity of its European steel mills, but time will tell.