Soberana Project
Production is anticipated to start in April with a minimum of 20,000 tons per month and up to 50,000 tons. Revenue coming in here is my guess.
Talks with a couple of companies from China and Chile. I am guessing to have contracts to buy the iron ore produced.
Mariposa Project
Final approval approximately mid-March 2018. This will then lead to the terms of funding with the China state company. I do not think ADY will issue shares here because they can pay back with iron ore sales to the Chinese company.
Overall, a very good half year. Revenue coming in for second half and future.
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