Dargie - understand your comments and agree with what you're saying but this time next year there may well be zippo cash in the bank (depending on how many notes are redeemed) and I doubt the 50/50 JV will be enough to provide working capital in addition to funding Aurox's portion of the project.
Happy to be proven wrong though but I would still think some capital will need to be raised to get through to first shipment in 2012.
Noteholder.
JT
