what we shareholder feel mr foreman , page-12

the first 200mill rand ( I believe) is to fix up the gold processing facilities.

Once this is done cash costs should hit about 1050-1100, making RU profitable to approx 50million a year.

On top of this 2.8 billion rand is required to make the Uranium tailings and underground mine workable. The BFS for this is 70% complete, so there is a good chance a few months after we acquire RU, get the gold up and running, the Uranium BFS will be finished and we will be able to initiate construction at our own time (when funding is sorted).

If ME remains profitable to the tune of 80+mill a year, and Cooke gold can be profitable and have its cash costs lowered ( so that once the plant is sorted its 40+ mill a year profit), funding 2.8 billion rand will become a walk in the park, even with a 210million USD loan only partially payed back.

NF has taken a risk in doing this, but if he pulls it off, GDO will be his masterpiece. This has the potential to truely become a blue chip, ASX 100 company off the back of these 3 mines.