So, they are looking to ship 1,000,000 tons in 2007. The big question is, Is there a buyer there?
'Customer demand for the laterite ore is very strong. Negotiations are well
advanced for the long term (4+ years) supply of up to 50% of the mine output to
the BHP Billiton /QNI (Queensland Nickel) plant at Townsville in Australia.
Similarly, negotiations continue with numerous Chinese and Japanese customers
for shorter term supply of up to two years. Demand far exceeds supply'.