Ann: India Project Update, page-167

For those that are uncertain of exactly where we stand
may I suggest reading last weeks announcement again to perhaps help absorb the information that was provided. Certain paragraphs are fairly clear imo.

“In discussions with our partners respective CMD’s, there has been explicit acknowledgement that timing is critical and moving from subsequent board approvals to signing should happen at the earliest opportunity.

“Importantly, however, ECT and project partner NLCIL have been in contact with NMDC Chairman & Managing Director (CMD) N. Baijendra Kumar over the last 48 hours and we are pleased to confirm that the project proposal will be taken forward quickly for a decision before the end of January.

Jim Blackburn has been in India for the last week and half and is still there, so you can rest assured he is doing everything in his power to get this done by the end of the month as outlined in the announcement.