Ann: Parker Range Progress Report , page-8

I concur Kruiser. Prima Facie, based on the announcement 4/8/2011, and reading the language on the first page alone, it looked like the South East Asian Investment group had agreed to buy Parker Range and take on the challenge of port allocation itself. Then if you read page 2 it states:

The SPA is conditional upon, among other standard conditions precedent:
- Execution of legally enforceable agreements for port access;

I think port access is still the big stumbling block. CAZ still has to obtain legal agreements for port access. If CAZ could obtain port access is it not more profitable for CAZ to mine the ore rather than flog off Parker Range?