Hi allSaw on ABC ticker tape this bit of news related to...

Hi all

Saw on ABC ticker tape this bit of news related to the
Anketell Port in Western Pilbara.

http://www.abc.net.au/news/2014-04-24/native-title-agreement-signed-over-pilbara-port/5408662

https://au.news.yahoo.com/thewest/business/a/22926148/anketell-closer-with-native-title-deal/

The Anketell port will serve the WPIOP and there are plans to have infrastructure to service the IO tenements forming the WOIOP of which CUL is part of.

CUL has 2 tenements in the Western Pilbara:

1) Mt Stuart Iron Ore project - 20% Cul and 80% API (API- being 50% Aquila and 50% American and Korea-Posco) and

2) Wyloo Dome Iron Ore project - JV with Fortescue

I also think that the recent spike (betw 10-11 Apr 2014 thereabouts)on price from 0.006-0.01 thereabouts has more to do with Colin Barnett announcing China through Baosteel's interest in developing the WPIOP (Western Pilbara Iron Ore project) than the assay results.

Look up Aquila website or search on google- Aquila and Baosteel; Either late 2013 or 1qtr 2014, Baosteel increased its stake in Aquila and than less than 2 months on, Colin Barnett announced Baosteel's interest.

Aquila is the 50% stake player in the API JV formed with the Americans and Korean-Posco taking the balance 50% to manage the WOIP project.

My conviction is Cul will stand to benefit if the WPIOP takes off.

From what I have been sussing out, Cul seems to the only junior in the WPIOP trading under 1cts.

Also, one should check out this http://www.apijv.com.au/
It is the official website for the WPIOP and gives a clear
understanding the venture. Mt Stuart-Cul's tenement is in there.

As always, please DYOR and the above are just my personal opinions only.

God bless all