There is a good article on minesite.com, this one has cash...

There is a good article on minesite.com, this one has cash backing of over 20c per share I believe and is in disucssions for purchasing thermal coal/gold assets, the Chinese are already on board.



In addition, the Company is in active discussions with a potential vendor of an interest in a large thermal coal project located in eastern Xinjiang. Due diligence is well advanced and the results suggest that the project has the potential to meet the Company?s investment criteria. Further discussions are expected during the current quarter"

"The Company is currently undertaking a detailed due diligence exploration programme on a gold project located in a historic mining district in north west Xinjiang. The programme has comprised extensive trenching and sampling over several kilometers, testing the surface expression of a potentially deep seated orogenic gold resources. Further detailed testwork and commercial negotiations are expected during the current quarter."