price action, page-64

Val and Bizzo,

Re: Wasn't around $10 million spent on the projects sometime ago as reported in one of the leading newspapers? Can someone find that link to the article that mentions that?



Is this the article you guys were referring to? Note the statement "over the years" it does not say who spent it and on what..

September 18, 2012 Francis Adinoyi Kadiri

The project was identified about six years ago as a potential large-scale iron-ore project by a small group of local investors, which also included one of the current directors of Energio. Between A$10-million and A$12-million has been spent on the project over the years.

Revy said that although no new technologies have been introduced to the project to date, the project may use novel processing techniques during metallurgical test work, but they will only be known in the first quarter of 2013.

http://blueprintng.com/new/2012/09/18/agbaja-plateau-iron-ore-project-ready-soon/