Haven't they already had a contract to supply pellets to a singapore based company?
2009 is a long way away and if you read this...
"the agreement is conditional based upon the completion of due diligence investigation by both parties, the negotiation of a service agreement, and the company securing sufficient coal resources"
Basically a get out clause they should seal the deal before releasing this crap to market, Ramping this stock does no good,
While this is a step in the right direction still alongg way to go
as always dyor
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