If I remember correctly not that long ago Iron announced a new state of the art processing so they would not need a smelter. I assumed this would be funded from monies from the new investor. So my thoughts are Iron must be fairly confident of funds in order to consider going down this route.
Hedgehog I agree with you entirely and what is more I think they will do it as there is so much money sitting in the ground. GC pulled it off with Amer although it took some time and he and Martin will pull it off here.
I have just spoken to my Chinese friend Mr Yu who in his opinion the deal will come at the back end of August. There is only one problem his first name is Phuk and every time he is stopped by the police he is arrested as when they ask him for his name he reply's Phuk Yu