i want to see progress, page-5

You took the words out of my mouth, another box ticked. Following is a piece from Proactive Investors.

Rutila Resources secures export facility tenure for Balla Balla vanadium-titanium project
Friday, January 17, 2014 by Proactive Investors

Rutila Resources has secured export facility tenure for its Balla Balla vanadium-titanium project, which is located in Western Australia.
Rutila Resources (ASX: RTA), formerly Forge Resources (ASX: FRG) should trade higher today after being granted export facility tenure for its 68% owned Balla Balla vanadium-titanium-magnetite project, Western Australia.

The Department of Mines and Petroleum granted the Miscellaneous License, which covers land from Rutila's Balla Balla project to the Balla Balla port area on the Pilbara coast line.

This is an essential milestone in Rutila's transition to revenue generation and an increased market valuation.

Rutila recently completed sale of a 7% interest in Balla Balla to joint venture partner Todd Corporation for $7 million, retaining a 68% interest.

This gives Rutila's interest in Balla Balla alone an implied value of almost $70 million; notable because Rutila's market cap currently sits at $17 million.

The licensed area contains an export facility consisting of a stockyard area, causeway and jetty to the trans-shipment shuttle vessel loading facility.

The export facility will have capacity of at least 6 million tonnes per annum, and capacity may be increased to over 50 million tonnes per annum to allow third party access.

The Department of Transport are now in a position where they are able to grant a Sea Bed Lease and approve a conditional Jetty License, which are both being progressed.

So Rutila is potentially shaping up to be a pleasant surprise for investors this year.