I have posted on this subject twice since talking to Ken ar RRS a week ago. Ken didnt know for sure how long it would take but its likely to be another week at best or at worst hopefully about 3 weeks. Its just not something you want to rush when we are looking at a huge long life deposit that could well run for 25 years at 4m tons pa. BTW I am becoming more and more confident that I think it will be more like 25 years at 6mt pa. In that context what is another week or three??? Also worth raising the fact that if the take up of bonds is not sufficient it will trigger another capital raising and we know existing shareholders will be limited to $15000 at best.
I am also wanting it completed ASAP but if you are in for the long haul, this wait is but a blink of the eye over 25 years or more. And that does not include Mt Francisco which is about to be explored by our geological team.
Chrs W2
Bond Issue, page-8
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