SFZ south american ferro metals limited

estimated 5million tonnes by 2012, page-7

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    performance shares to be issued are 251,933,961 once all 3 stages are met - Class A - 3 months continuous production for 8000000 tns.
    Class B - JORC resource of 50mill.tns.
    Class C - JORC resource of 140mill.tns.& first 12 months of production of 800000tns.
    All stages must be completed with 3yrs.
 
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Currently unlisted public company.

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