gocu, I believe OM has actually put IFE in contact with New...

gocu, I believe OM has actually put IFE in contact with New Page, well thats how I understand it anyway.

The reasons for this is New Page have agreed to pay 95% of the price within 30 days of ship leaving port which is the say agreement IFE had in place with OM. OM are simply an intermediary and looks like they've helped put this relationship in place and probably just get a middleman cut (some small %) of whats being shipped.

This is pure speculation by me though so don't take it as gospel. But as the terms seem extremely similar it does make sense.

Also if were still producing consistently by years 3/4 then I wouldn't stress too much about how much New Page will buy, there will be other Mill's wanting the premium ore that we will be shipping.

Things continue to go well, were in Feb now though so how soon do we start shipping?