Hi (stricker)I did say that there were other transactions I did...

Hi (stricker)

I did say that there were other transactions I did not include.
Even with a 1 for 5,they are still way in front.
As I also said the options,I did not include if they are/were taken up.

Have you read the announcement from this morning?
Maximum of beneficiated iron ore to total 16,666 tonnes per month expected.
Will have to go to the market and share holders for more funding for the wet beneficiation plant in stage two.

If that is right,how will they fund the coal projects in Queensland?

The cash they are spending on the two iron ore projects for phase one (funded)and stage two (not funded)will need to be kept going after they run out of iron ore at the two projects.Don't forget the two projects are very,very small tenements.
My daughters small holding in Victoria is roughly the same size as each project land size,so I have a good idea as to the land area in play.Take off the easement around the boundary of each and they are even smaller.

Regards
Westcott.