hc is indeed a public forum bluec2, page-14

At the meeting last week it was asked whether FH would have input into the selection of the mining/operator answer was uncertain.

According to my figures there will be a positive cash flow assuming copper sales at A$3 /lb it will be very intersting to see the deed administrator's business plan to pay off the debt.

BT I think you have stated the real outcome - dilution to the extent HNC ends up with a controlling interest. It looks like the Sulphides are a goer from the HNC release to the HK stock exchange and that gives them a reason for taking over CMR. Dilution versus buy out. Maybe they will do the right and honourable thing and buy shareholders out. LOL