Ann: Quarterly Activities Report , page-10

"Tks YT.

So that will be $4m minus the $500,000 for exploration, and another approx $600,000 for cash burn from last quarter?

TIA"


Perhaps but then add in the $50m $100m $200m $500m $1Billion you take a pick in terms or farmout offtake JV they get with the Chinese

Remember they aren't some South Australian Iron Ore Play they are Pilbara in the heart of it all

Also remember with the comparisons they are making to BRM that BRM just signed a $6Billion Offtake deal with Sino Steel

The Chinese are coming the company have repeatedly said so its a matter of when not if and Im guessing its a matter of how much that will determine how long it takes to sign a deal