CEO 0.00% 4.2¢ c @ limited

any one heard anything?, page-24

  1. 8,602 Posts.
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    Hi (yacheng)

    Core Mining will sell to SDL at $70 per tonne and you can have 50% of the project in the way of JV partners for allowing us to use your rail and port infrastructure.

    In other words we(Core Mining get $70 per tonne for half of what is sold to the buyer.You SDL then pay for 50% 0f expenses in the project.SDL will have an option to take a stake in our other project in Gabon that is close to port.
    This is offered to SDL after a JORC indicated amount of iron ore is proven up by Core Mining and Mining approval is given.

    This then means Core Mining only has to do Feasibility Studies/Environmental Studies on the mine site.

    How does that sound to you my friend Mr Yacheng (SDL) Special Correspondent.

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