Jul 16th 2012 - Edison Investment Research today published a report on Gunson Resources entitled "Awaiting POSCO JV Confirmation". In summary, the report says:
Gunson Resources has been negotiating with major Korean steel producer, POSCO, for a strategic minority investment in its construction-ready Coburn mineral sands project. In April 2012, POSCO requested an extension until mid-August 2012 to complete its internal review process and obtain board approval for the investment. Gunson has demonstrated confidence in this timing target by commissioning a value engineering review, focused on reducing project costs and shortening the construction schedule.
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