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05/08/05
23:18
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Hi All, amazed at the selling too. What will Monday bring??
KNP............................................................................................................1 500 000 000
Debt component 70%..................................................1 050 000 000
Equity component 30%...................................................450 000 000
Inco equity 60%...........................270 000 000
Heron equity loan 35.5% .........160 000 000
Heron equity upfront 4.5% ........ 20 000 000
Heron's receives 40% for contributing the resource base and 1.33% of the project costs
Timeframe.......Pre Feasability Study!!
Step One.........30 July 2005..............12 months..............30 July 2006
Step Two.........30 July 2005..............26 months..............30 September 2006
Step Three......30 July 2005..............42 months..............31 January 2008
Timetable........Bankable Feasibility Study
Completion......30 July 2005.............72 months..............30 July 2010
Timetable........ Commence Construction........................????????????
Great Deal....but how long will it take to see the $$$$$
Comments Please.... I'm freakin' out.....
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