current status?, page-40

Company looking to secure a cash payment of up to $30m just to retain exclusive rights...that might be the headline takeaway from all the reports of todays meeting.

Company is only capped at $50m....so $30m coming in any fashion, other than a massive new script offering would be...well almost unbelievable - unheard of really.

.... (eg you could buy half the company for $30m, in theory at least, and start to call the shoots - why pay $30m just so to continue to deal).

Should in fact, they secure these funds however from a big Japan steel company as suggested,then we would have valid reason to see the share price go to that $1 ....as the market would believe the high likelihood of the project proceeding.

There is something about the credibility of the company and the way they do their business.....for this reason, I think they may deliver, on what they say.

Why bother going to all the effort and ho ha of getting the Federal Minister to the Island - if you did not think your project was real.

Their dealings with native title issues on the Island has shown real genuineness (not to labour the point, but right now this is all about company credibility)...if this talk is true, we may have a $1.20 company by years end (same share price as broker report).