Ann: Acquisition of Major Stake in Significant Ma, page-7

re: Ann: Acquisition of Major Stake in Signif... They key to this project is its proximity to asian and chinese markets and their growing demand for manganese.Geologically the Kupang project is very well placed,ie low transport costs for product to reach customers.Also very low capex expenditure,close to port,no infrastructure needing to be built,basically dig up the ore(very high grade)and stick it on a ship.Tony Sage has a long record of finding and developing quality projects,he has personally taken a stake in chm,and so has his company cape lambert resources,to the tune of 15%,and largest investor to boot,this speaks volumes about the future prospects of chm.