Actually no news, period. A 'Memorandum od Understanding" is not a contract. Interestingly Bob neglected to publish the details of said "memorandum" but issues the signatory page instead. Looks like the usual statement that "CWRN can sell iron ore to the Chinese IF CWRN ever mines any iron ore." And now the production date is sometime in 2010 with no reason to believe the company will realize a single dollar during the current fiscal year.