JS,I'm betting on a new project aquired by the JV as the 1st of...

JS,

I'm betting on a new project aquired by the JV as the 1st of the big 3 ann. to be announced this month.
If you look at the April Presentation.

Look at page 9 the 2 last points,

Below is an extract.
Royal Falcon Mining LLC
(GMR 35%)
• Registered in Abu Dhabi in December 2008; GMR manager
• Setup to acquire and develop major mineral resources
• Initial focus in northern Africa and on gold and iron ore
• Royal Group provides high level contacts and support through
their local operating companies or business partners in
countries of interest
• Trade missions; significant financial leverage
• To date significant gold, base metal and iron ore projects have
been reviewed in Morocco, Algeria, Libya, Sudan (North &
South), Ethiopia, Eritrea and Sweden
• Acquisition or partnership negotiations are advanced on
several major projects