quarterly out, page-58

sb, no I don't. Why? Look at all the work going on, it's not just Sinosteel, in fact it's not Sinosteel at all. That's just rubbish. The company assured us nearly a year ago that no more cash needed to be paid for components!

It's like building a house. Getting it to lock up looks impressive, but is only half the cost. The rest of the plumbing, electrics, cabling, insulation etc. cost as much again. All the components were paid for when the Sinosteel shares were issued, but they still have at least six months (I think a year) of work and installs to do before it's ready to commission. Plus now the second set of modifications to the crusher, and half a dozen ore sorters. More money needed.