this deal will be much bigger than the china minmetal deal as that was only an option on western heametite. this will be for all projects, also this deal will not be withdrawn. this will be the real deal and that is why it has taken so long -IMHO at least where it went in 2007, much more going for it now and bigger scale on MPI and more magnetite and the haemitite may be economic and will now be drilled ouit. there was no haemi then there was plant p[aln of 500,000 tpa now 1 mill and ther is 10 times the magnetite and they had no partner. The last announce said the ability for the parner to fund the plant was key so we are not talking mickey mouse here it is a 700 mill plant. This deal will be a major coup and show how truly competent Brett and the boys are. I get the feeling a lot of posters here do not really know the ins and outs of the projects. it will all be explained
LCG Price at posting:
14.9¢ Sentiment: Buy Disclosure: Held
