Got a reply first thing this morning.Some of what tony said...

Got a reply first thing this morning.

Some of what tony said regarding JTC.

The JTC was/is very interested in the project. The issue both parties had was that they can?t beneficiate. They would have to rely on the Chinese Govt continuing to allow the export of high quality iron to be exported from China to Japan. That does happen now but who is to say they will allow it in the future. This was the biggest risk to both the JTC and Pluton. They may still become an off-take partner once we get into production, however it is likely we can sell everything we produce to steel mills in Rizhao anyway.

Also said intos and brokers are happy with the deal.

Holding for the long term.