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Re: Funstick post# 13787

Saturday, 04/24/2010 10:32:34 PM

Saturday, April 24, 2010 10:32:34 PM

Post# of 64330
China deal still on track

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