re: Ann: Update on Progress EMG and CMIC Beyo... They have mentioned a loan before so I don't know where you are coming from with that comment. Go back and read all of the announcements.
Where did you think the money their portion of the JV was coming from?
I am personally very pleased. They are fast tracking a huge magnetite project, with financial backing, to generate cashflow as soon as possible. Do you know of any other juniors that are in the same position? I don't.
Also, preliminary data indicates the product is excellent. The bank terms seem favourable (without being brilliant), there's cash in the bank, with more to come, and no doubt a resource upgrade in the next couple of months.
Cheers,
JT
re: Ann: Update on Progress EMG and CMIC Beyo... They have...
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