The following is quoted from ORD website: http://www.ord.com.au/sarco/130308.pdf ----------------------------------------------------- The first investment of SARCO is a co-operative business venture with respect to a bauxite tenement in the Bolaven Plateau in Champasak Province in southern Lao PDR. SARCO carried out exploration work over an area of 66 sq km in the southern part of that tenement in 2007. The arrangement is for SARCO to eventually have 70% participating interest in a joint venture in bauxite production when a mining licence is issued over an area to be determined after completion of a survey and a mine feasibility study. ---------------------------------------------------- SARCO to eventually have 70% participating interest in the JV. It is initial statement, has not found any update re JV.
VAN Price at posting:
8.1¢ Sentiment: ST Buy Disclosure: Held