Ann: Classic secures $10 million to take Kat Gap to production, page-15

Classic notes that the funding is unsecured and non-recourse to the extent that Goldvalley’s funding can only be repaid
out of revenues derived from processing Kat Gap ore.

One important point that is not clear regarding the funding:

Do Goldvalley get 30% of the proceeds PLUS the $10m in funding is paid back from Classic's 70% share? Or does their 30% share of the spoils include the $10m? Hopefully the latter, because the former makes it overly costly for Classic.