It tells us FMS is going to mine the stuff, and despite the low iron ore price it is still profitable because of the high DSO content. Several infrastructure solutions exist and confidential negotiations are on going. Capex funding and sales agreement are being sought. It has $13m in the bank ( and I add: it spends $4m a quarter, so we should expect a CR in 6-9mths.)
announcement out, page-2
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