here is a real magnetite project fyi, page-51

If you look at the Citic Pacific Sino Mining website latest news is Tony Abbott has been out there to kick the tyres. Some big wig chief executive has flown out from Honkers for a junket (hopefully to kick some heads and get the thing going).

Good post Magdan, however, I'm not concerned about the sub lease currently only being limited to 1b tonnes of ore. There is more ore in them hills but no point proving it up until you can turn soil on what is known. If Mineralogy needs to increase the amount of ore subject to the sub lease with International Minerals (ARH's sub) to greater than 1b then Big Clive will be able to do it at the stroke of a pen.....

This is his chosen structure remember, however, unlike him the rest of us won't get any royalty which sucks $$$ from the return calcs (possibly scaring off investors). If he is trying to line his pockets with too high a royalty the ore will stay where it is until the next boom, if he's fair dinkum and commercial given the current market then a deal should be possible. What hasn't helped is the revolving door of management, advisors and bankers so they need to change the way they are doing things soon.