The next logical news item, IMO, would be a status

The next logical news item, IMO, would be a status update on the drilling progress, followed by the drilling results and estimates of reserves. Perhaps an explanation of events leading up to the recent implied ore sales might be appropriate, just so shareholders could see the efforts taken to achieve that outcome.  Ultimately, we would hope to hear favorable news about Baosteel's interests.

As for financials/CE, and as Micro has pointed out, the cost of SEC compliance and maintaining same is very expensive.  This topic came up recently in discusssion of another OTC stock message board.  The company opted to abandon their fully compliant SEC reporting in favor of the alternative method.  It is estimated to save them $500-600k over a 2 year period.  No doubt such money can and is being spent more wisely near term for operations and capital investment.