Ann: Western Australian Iron Project MOU Signed, page-11

So - the great India strategy is dead - if i wanted an AU strategy - there are a lot many better companies to invest in who have an operational model making money rather than non-mining types having a punt with our $ on an idea that they actually have zero idea on.
This company is dead - it'd be better for them to shut it down, sell machinery and return $ to s/holders so we can invest in an operational mine, if that's what we'd like to do, or there's always Crown casino.