http://www.*.co.uk/companies/news/61414/ferrum-c...

http://www.proactiveinvestors.co.uk/companies/news/61414/ferrum-crescent-shares-soar-after-funding-breakthrough-61414.html

Moonlight is a unique project with metallurgy that shows a very high grade iron product can be produced and shipped using existing infrastructure."
The deal metrics imply the entire Moolight project is worth US$29.5m, according to broker Ocean Equities.
Analyst Adam Lucas said: “In what has been challenging market conditions the Board of Ferrum Crescent have executed an excellent deal bringing on-board the supportive Omani based Anvwar as a project partner, and in addition the deal protects equity value for existing shareholders minimising dilution in subdued equity markets.
“The deal re-confirms the quality of the Moonlight iron ore project attracting an excellent partner and further re-iterates the long term potential of the project.”