Ann: Yogi Mine Project and Company Update, page-13

So why wouldnt a company go and buy some decent tenements with infrastructure that i could understand. Would it be fair to assume also that the ip for the proposed development would now be out of date and worth virtually zero or is it still relevant today. The chinese economy is changing how long before the next country say maybe india comes into a phase where iron ore prices can once again see decent pricing levels. If a company such as fortescue is struggling for survival what hope is their for minnows such as padbury with a track record such as theirs even surviving let alone thriving and creating wealth for its holders.