Ann: Quarterly Activities Report , page-9

In May last year after 9 months of talks a deal to provide finance was in place with Hebei.

For whatever reason that deal fell through and the banks were approached, in late November after talks site visits ect the company received indicative finance offers.

Now an international bank (debt arranger) has appointed an engineering firm to provide them with an independent report on the viability of Beuna Vista before finance is granted. They must be interested in providing finance. Iron ore price looking good going forward, project looks financially robust.

This looks like its heading in the right direction, just taking time.

I think the current market cap is irrelevant as to whether finance will be granted, that will change significantly once the market receives the news its waiting for.