NMDC has committed to ratifying their prior in-principle...

NMDC has committed to ratifying their prior in-principle approval for the project at their next board meeting, with a date anticipated to be confirmed in the coming days.

ECT Chairman, Glenn Fozard and COO, Jim Blackburn have arrived in India today to meet senior staff of NMDC and NLCIL to finalise the RCA terms.

The above shows that we will get an answer soon. Also the number of announcements have increased over the last couple of months (7 in January and 6 so far this month). This increased communication shows a greater transparency by the company. Speaking of transparency, the latest announcement does seem like it's written to address a broader audience. There are many, many people watching the outcome of this deal and, if pen hits paper, the upside will be huge!

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