re: need a update Hi Westcott
the chinese could potentially play a key role in the capital raising.
Also to quote from the october announcement:
IOH has made significant progress in advancing its interests in Southern India. In particular, IOH has, through its Indian legal team, held discussions with the State Government of Kerala which has indicated support will be given for an expedited application process for a mining lease over the entire iron ore project in Kerala, India (known as Iron Ore Hills 1, 2 and 3).
This is pretty important obviously and once the mining lease is granted this should give NSL/IOH greater weight in the market place.
still only time will tell what will happen....good luck!
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