Tough luck for SBM, but it seems their reason for pulling out...

Tough luck for SBM, but it seems their reason for pulling out was not because they didn't believe in Horn ISland but rather they have made a strategic decision to focus on their own 100% assets first. Who knows they may well come back to the table if things continue progressing or another major may also come knocking on our door. Everything the AQX boys have been doing on Horn has been working towards getting a viable mining operation going which bodes well for potential future capital partnerships I'd say. Project Finance for a viable mine doesn't necessarily require a further capital raise which could be a major bonus if things keep going our way.