Ann: Company Update, page-18

So the report also makes it sound like their dealings with the Chinese are not going so well and therefore IBG is looking at other options for financing, development or as suggested above, a JV/selloff.

Not at all blutak. The report states "We note that Chinese regulatory requirements and design changes have resulted in variations to the Western Feasibility Study". Jonathan advised me previously the Chinese are seemingly keen as mustard, just they have to conform to some rather rigid parameters involving design and financing that makes them painfully slow.

Now that zinc is roaring with a few years horizon plus the Germanium factor, the project has become a different beast in the eyes of western financiers and it would be folly if the board did not look at other options. We'll see if NFC are able to cut through some red tape.

Thought it was a very good update and surprised the market hasn't yet seen the light