re: Ann: FIRB Approval for Beyondie Iron Join... I must admit I've wondered about the $200 mill. It's clearly not enough for full scale (or even small scale) production but CMIC haven't chipped in $100 mill for nothing, have they?
There must be a strategic plan to somehow release value from the project for the JV partners using the $200 mill. Unless of course they planned to head down the local pub and pee it all up against the wall?
Given the current climate, thank christ they have at least enough money to keep them busy and afloat for the medium term.
Ann: FIRB Approval for Beyondie Iron Joint Ventur, page-18
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