hera financing, page-2

No definite answer yet. Likely a mix of debt, forward sale of gold and CR for step one (Hera). The mix should depend on the further development of the gold price ...

Step 2 (Nymagee open pit) will be financed from cashflow from Hera, step 3 (Nymagee deeps) from cash flow from steps 1+2.

I'm keeping some cash ready to participate in any CR.

P.S. New local newspaper article:
http://www.cobarage.com.au/news/local/news/business/hera-prospects-positive/2472416.aspx
Nothing new but shows their PR people are busy ...