Ann: Proposed Divestment of Paulsens East Iron Ore Project., page-76

That's right. Paulsens is shovel ready, could start shipping it out today (at todays high prices) if we'd had competent management. At todays prices, if they can achieve anything near what was set out in the updated feasibility study, they could have this totally paid off in less than 6 months just from profits (absolute joke).

Anyone think there's anything strange about the company structure of the bidder? Initially when CZR announced their offer I thought it was the same company, but on closer inspection realised that our bidder is Miracle Iron Holdings whereas CZR's bidder is Miracle Iron Resources. They appear to be related, but seems as though their deal will be subject to FIRB review whereas no mention of that with ours. Also both only registered with ASIC in the last few months. Why would you use different but related companies to bid for the two projects??