Ann: Annual Report, page-7

I'm glad that Timis Mining isn't working Marampa at these Iron Ore Prices. Otherwise they would have gone down the shute as did London Mining and AML, taking CFE's investments with them.

It is just a matter of waiting, no choice or way around it. I would expect Timis Mining to start sometime after the Chinese have recommenced operations at Tonkolili. That way, they will know the infrastructure is up and running in good order.

London Mining posted their costs were $57/tonne, add CFE royalty of $2 with a profit margin for Timis Mining and that start up is getting closer. $55.30 was posted on SMH today.