An outcome of whether new offers have come in to purchase the Momi Bay Resort project should be known this week.

Auctioneers, real estate agency Bayley's general manager Philip Toogood when contacted this afternoon, said talks continue, adding he would be in a better position to provide more information on Wednesday on what has taken place since the auction last week which stopped at $41 million.

The Fiji National Provident Fund has invested $80 million into the project.

After the bidding stopped at $41 million at last week's auction, Toogood confirmed that discussions are expected to continue and they can not speculate when the deal will be finalized.

FNPF CEO Aisake Taito had earlier stated that they will have to find other avenues to recover the remainder of members' funds invested in the project.

It was earlier revealed that any new investor will have to pump an estimated $100 million to complete the Momi Bay Resort project which has now being lying idle since mid 2006.