good morning, page-5

Chalea

I am not sure, with the new model some things have changed.
But all of these projects will now have a higher % of ownership by CVI,

We are going to find out all this very quickly.

but you can see the high priority Sonagal place on refining their own product, remember when MS was summoned to see them, me thinks this was one of the main things they would have discussed.

And with so many after a chunk of the pie there CVI will be right up there, and with new developments they would be even higher.

Frankly I don't know if there is any higher to go now.

I don't think many understand how important all this is.
You see up to now the Chinese have come in with a brown paper bag full of money and they are getting the real value.
Now CVI has shown them that the beter way to go is keeping as much as possible, refining theior own product to value add.

They have huge assets but don't know what to do with them, CVI are saying look we want to work with you, to make more money for the locals, and with the model the more the locals make the more CVI make.

It is no good trying to pillage those countries this day and age.
Better to work with them, help them make more money and in doing so more for us, of course that way we will get better projects, the pick of them.

MS is trying to get away from them sitting on one side of the table and CVI on the other.
Working with them is a better model, and we will find out just how close soon.