Incorrect
The US$47M is the capex required for ALL of the BBM 2Mtpa operation
If you read the bottom of today's announcement and previous ones, it states the funding required for the PCI project is only US$8-10M
Cokal are full funded for the PCI project
When we want to get the larger BBM project into production, they will require an additional $30-40M
Today's news will see us fully funded for PCI by Xmas and earning $10-20M p.a
Ann: Funding Secured for Development of the BBM PCI Coal Mine, page-29
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