The strategy of dealing direct with steel mills will require...

The strategy of dealing direct with steel mills will require accessing the coal and beginning mining so as to provide enough product to prospective clients to enable quality certification. This process has to begin now so as the expected 10 % premium for our "Silk of Silks" can be locked in.

I guess what we don't want do is surpass the 25,000 tonne trigger for the first $40m progress payment to become due, unless we know the product is in demand at the premium we feel we deserve.

But why will there need to be changes to the MOU's if they are not in force.