Ann: Cockatoo Iron NL Withdraws from Proposed Transaction, page-29

I could live with CRB getting into a good silica sand deal.

Provided it has good access to transport and port facilities it should have a reasonably low capital investment. There is rising international demand so provided the cost basis is attractive and they can negotiate attractive supply contracts CRB shareholders might finally have some light at the end of what has been a very long tunnel.

Of course we are yet to see the financing of any project acquisition that eventuates - given the state of CRB's cash resources inevitably shareholders can expect a CR and presumably some shares issued to project vendors.