Yep agreed good to see you did hang in there C30
Just need slampoil back and it will be the old firm
Let me see if i have this right please correct me if i dont
Clives company ARH, has entered into a MOU with Clives company Mineralogy, where Clives company International Minerals has the right to mine 2 billion tonnes of his own ore.
Clive with his Mineralogy hat on has drummed up 1/2 a billon from the Scots
MCC Hong Kong has agreed to chip in 75% of the project cost as long as Clive sells it to the Chinese.
For doing this MCC will become the main construction contractor for a locked in price -- (think Sino Steel)
We have flexibility for other partners
We have a major trading house (i wonder who that could be starting with "R" Owned by someone whos name starts with C ) possibly chipping in for a further 600 mill for a slice of the pie
International Minerals is still stuffing round with the evaluation that should have been complete 8 months ago.
Upside -- this is a step in the right direction and possibly the most positive news to come out of this company for years
This also might prompt Hunan to wade into the action
Downside -- there isn't any -- G/L to all
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