Ann: Quarterly Activities Report , page-28

Alot of Australians up there over last couple of weeks.

When you look at the Chinese Steel Industry..... personally I think its going to take some time to ramp up again.... Iron Ore... they have plenty of stock held there and are asking current suppliers to slow down.

So....MDX...JMS... HAW.. Portman and others are jockeying for positions.... are long term projects.

there main object would be to not run out of money before the next big surge.

In the shares changing hands... there maybe some movement.... but I cant see immediate big returns..... thats my opinion.

Alot of Aussies up there looking for end user Chinese investors...... they do have alot of money to invest thats for sure.

Not sure if you have dealt with them before though..... they want to buy in at rock bottom prices.... dont think we are going to skin them alive.

Its going to be the devil you cant live without