Below is an extract between the two parties. It mentions a 3rd...

Below is an extract between the two parties. It mentions a 3rd party will be involved in the development. Could this be ARH?? Maybe the dicussions have been about the financing by ARH of the remainder of the project not being constructed be the other two parties, ie. lunch room, toilet, bar... Will be very intertesting to see how/if ARH relates to the whole project. Expecially now it's Palmer's company... all above my head.. You can imgaine the wheeling and dealing going on.......I for one have found the whole exercise over the year very interesting... Just hope is becomes very profitable for us all as well!!

On 24 January 2007, Sino Iron has entered into the Contract with MCC. Pursuant to the Contract, MCC shall be
responsible for the procurement of mining equipment, design, construction and installation of primary crushing plant,
concentrator, pellet plant, material handling system, camp and other auxiliary infrastructure facilities (the “Works to
be conducted by MCC”) at an amount not exceeding US$1,106.15 million (approximately HK$8,630 million). Sino
Iron and MCC also agreed that the remaining Works (other than the Works to be conducted by MCC) shall be
contracted out to third parties directly by Sino Iron (the “Third Party Contract(s)”) and such Works shall be managed
by MCC.

CONSIDERATION
The price for the Works to be conducted by MCC under the Contract is estimated to be US$1,106.15 million
(approximately HK$8,630 million), which amount is capped and no increase to the Contract Sum can be made unless otherwise agreed by both parties. Sino Iron also agreed to pay 1% of the relevant price in respect of the Third Party Contract(s) (excluding any fee for training, interest, transportation, insurance and tax expenses) to MCC as management
fee(s) (the “Management Fee(s)”).