Ann: US$9.9m Purchase Offer for Stockpiles and Mi, page-16

re: Ann: US$9.9m Purchase Offer for Stockpile... Cynically, one could hypothesise that the 1.9 100 seller is a buyer. On the 2s now and the bot is still on.

I thought is was pretty good news as the "proceeds will be used to cover the running expenses of thecompany, fund a geological exploration program focused on increasing SCM Vallenar Iron's mineral resources and strengthen the position of the company in the discussions with various parties that have expressed an interest in pursuing a JV opportunity to exploit the Chilean iron ore assets.

JORC compliant exploration has already begun at Japonesa,
Japonesita, Mariposa, Primavera and Mirador."

Tends to de-risk this one - not altogether, but significantly so.