that is a vg point and I am aware that in China the same situ applies.Cash is always king but in times of merchant bankers the point can be forgooten. I have no doubt this will not be the lat deal for LRL...whether its coal I am less certain due to time scales and cost but it will depend on jv partner.
good managemnet,very good chinese contacts,$ and patience.
Ann: Quarterly Activities Report , page-11
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