It is good if you see it this way...My comments:( will not be...

It is good if you see it this way...

My comments:
( will not be covering all your points now ... google translation is not working well...-:)

1. "Major project" status simply meanse SA Australia goverment has nominated one officiela thru whom all paper work could be handled. Call the company and discuss it what it means in lame terms; Chinese still need to agree to this funding , though i expect it to be done as well.

2. Since i like where infrustracture is there or could be measured there are still big ticket items suchs as Power ; Rail ; Water Plant ; THis will cost approx 160 mln to CXM alone;

3. I agree with you that CXM will have 85mln in total in 6 month to come; But it does not mean they will have more ;


As you are aware , and the rest who are looking at CXM to Prover 1 bln tones is big task !!! and it does not mean you can be assure they have it there , thus to early to throw incentinves into calculations yet !

Target by the end of this year is 500mln tones ; 230 mln tones will be CXM share ; ( If proven) ; Normal value assignemt is $4-5 dollars per tone where infrastracute is more or less solved !


Too early for my liking; I do not want see people jumping at 45 - 50 c without understanding it will be "long hold"