Ann: Quarterly Activities Report, page-7

Agreed. To me, NFC signing is the key, it will show the market this project is happening. I think it should or could have been completed already.

Though to be fair, there has been substantial progress with NFC in the quarter.

"A large proportion of the work has been completed...Work completed includes an independent resource estimation, mining studies and process and flowsheet studies.

Subsequent to the quarter (ie recently, in October) large proportions of the NFC design work has been provided to Ironbark for comment which included some alternative planning and designs to the current Western study such as decline position, air vents and water storage design, to name a few. Ironbark is currently discussing the designs with NFC and then hopes to progress to a final design and capital and operating cost estimates to release to the market shortly. This work will form the basis of the potential Chinese EPC contracting and financing".

And the high-level site visit happened this quarter.