I changed my mind about financing at .35 considering thats what we closed at today.

If history repeats it self then I expect a PP to be coming soon at .50 or maybe even .75.

On Aug 2 2005 they announced a contract for 1 million metric tons (that never happened) and the share price went to a high of .85 cents and then settled at around the .58 to .65 range. That was when there was only 28 million share on the street. But iron ore was at $45 a metric ton. Now were at 76 million and iron ore is over a $100 a metric ton and the contract is for 2 million M/T. So if you crunch the numbers we should be close to the same price as we were on Aug 2 2005. This time we have a power station and 3 years of screw ups and a learning curve that resembles a down hill ski slope.

But just maybe after 3 years Mr. Foot can finally get the job done.

If you are reading this Don? Thank you for the contract.

Steve