Saturday, April 24, 2010 10:32:34 PM
I do not see anything statement about $250 million in the 10K
Far as CCTI Payment the agreement is they only put up 20% of the 8.3m and make next payment in two years.
SMIRSC will provide approximately US$ 25 million in capital, land use rights and improvements, coal reserves for feed stock.
Each party has committed to contribute a minimum twenty percent (20%) of its share of the capital of the joint venture within 90 days of receipt of formal Chinese government approval of the project, and shall make the remaining capital contributions within 2 years in accordance with the progress of the project
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