cash backing, page-7

try the last spot price on iron ore is 15% below benchmark..take that back 9 months and compare AUD v USD and current aussie producers make more now in this depressed mkts. Chinese delegates are back in their droves and if anyone who paraded around as a VEC dircetor before had attempted to pay any attention to this company rather than flying arund the world wasting other shareholders funds as well....there might have been a Columbian Iron Sands project....waster...oxygen thief and more