Ann: Centrex and Baotou Sign Joint Venture Agreem, page-6

re: Ann: Centrex and Baotou Sign Joint Ventur... I think they need a nice, clear set of slides, outlining the value and their plans:

- their mcap vs the cash they will receive. The dates for receipt of initial cash payments (imminent from WISCO, month or so for Baosteel). And then the milestones for the receipt of the further cash payments.

WISCO and Baosteel, for goodness sake! These are Chinese giants. Amazing cash deals that most other juniors would KILL for!

- CXM's short term DSO hematite revenue via Port Lincoln.

- CXM's longer term magnetite Plans via Sheep Hill port.


I don't think the market understands just how well funded Centrex are, and hence why a couple of China's biggest players have got on board. WISCO will even help arrange further finance for the magnetite deal.

They have the cash, the giant Chinese partners, and the government support to open up a whole new iron ore region.

Y