numbers indicates holders holding tight, page-60

Hi Westcott, literally 4 days after the Hanlong deal was terminated (April 12th), an OPEN BRIEFING was release to the ASX.

...The last 18 months have certainly been productive. We’ve SUBSTANTIALLY INCREASED THE VALUE of the Mbalam-Nabeba project and we’re in a MUCH STRONGER POSITION than we were 18 months ago. We’ve increased our high grade hematite resource to three quarters of a billion tonnes; in December last year we confirmed Australian JORC-compliant reserves of 436 million tonnes at 62.6% Fe; we have a mining convention in Cameroon that’s one of the benchmark conventions agreed in Africa; we’ve got a mining permit for the Republic of Congo; we have all environmental approvals including a declaration of land for public utility
(DUP) for the rail corridor, and we’ve developed the project to a position now where it’s ready for funding.

From this point, the best way for us to create value for our shareholders is to work on the strategic partner process, whether it’s through joint venture arrangements or whether through infrastructure funding.

We’re not starting from square one: prior to the Hanlong deal we had formal discussions with a number of Chinese parties who did due diligence on the project. We’ve also had detailed discussions with the partners that Hanlong had been speaking to regarding potential involvement in the project. We’re increasing our resources in this area to progress discussions with these Chinese parties and in parallel with that we’re also considering what opportunities there could also be with NON-CHINESE parties....