re: Ann: Chinese Mining Fund Signs MoU for St... Exactly IE, dont loose focus of what stage 1 is - it is a short-term cash generator to enable stage 2 to proceed. IFE and TRF still hold 100% of the remaining billions of tonnes of Fe, and are not letting them go. My take is that this project gives the Chinese (and other parts of Asia) a taste test of what Wilcherry hill Iron Ore is all about. If they like what they taste they will be back for more in a few years with Stage 2 - but at a MUCH larger cost.
all very positive in my book.
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