Directors, page-21

Can one or more of the more knowledgeable posters answer my questions?
1. Is it necessary to find an alternative to NMDC before he India project can continue?
2. If so,why?
3.If not,why can't NLCIL simply proceed and build the Coldry Commercial Demonstration Plant on their own.I was under the impression they had verbally agreed on a 51%NLCIL and 49%Coldry share of profits and they would pay for the construction of the CCDP.
4.So simple,build the plant and when successful look or a partner to engage in the Matmor Process.SAIL are already sniffing around but knowing the way Indians or anybody else does business.Why would you enter a contract when to Coldry process has yet to be proven commercial?
5.Did we need NMDC approval (2 years ago) to go ahead with the project?Like what comes first the chicken or the egg.My common sense says the egg.Get CCDP proven and successful and NMDC comes on board.And to say after two we are not proceeding as the Matmor process is unproven.Talk about UNPROFESSIONAL that takes the cake.I could say more .but I won't for fear of being moderated.