I've been thinking about this for quite a while now, and it may not be as far fetched as I originally thought. And the longer between shipments the more I think it might have merit. What if Bao doesn't want to fiddle around with  individual 40,000 ton shiploads/contracts anymore..  What if they said..  Process 500,000 tons of 63% before the end of the year and we'll take the whole enchalada for X amount of dollars. And then we'll talk about follow up contracts if you can fulfill this one. It might be a way for them to gauge what they can expect from our somewhat small operation, plus eliminate a lot of screwing around with individual contracts for a shipload at a time. All they have to do is snap their fingers and they can get the ships over here to load it.. Once again I may be way out in left field, but the Chinese may have made CWRN sign a nondisclosure agreement so the competitors don't know where they are getting their discount ore.. If all of a sudden in June of next year we end up fully reporting with 60 million in revenues, just remember to never say never..  LOL!