convention agreed, page-25

Wll Baukaw , if you read the DFS, this project can afford to borrow $10 Billion at 20% payable in 5 years and still have plenty available to pay operating costs.


Allow two years for constuction , all project segments built at same time which is what they'll do.

This leaves three years of production to pay for it at the sixty three dollar per tonne price.

That's how good this project is.

And why it stands out from the rest.

I'd be looking to borrow the whole ten billion if it were me. At 15%.

If your asking the banking consortium to lock up money for 5 years, a good thing in these uncertain times, you have to offer a high return, 15% would get it done.

Cheers EWO.