major chinese steel group invests in btv

Jiangyin Huaxi Steel have taken an equity interest in BTV of 20m shares and 10m options. According to an announcement on 29 April, this Chinese company is part of a group with $7.5b in revenues.

Also, I find interesting, the statement n the announcement today, that" other potential asian based groups have expressed interest in participating in the Roper River iron ore project etc"

This could get very interesting, very soon. We had a run up to 37c recently, but I think there may be a dollar plus in this. They should have a new JORC resource pretty soon. I believe they said in the third quarter of this year.

I am holding for the ride.