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26/12/11
11:07
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From the Independent experts report.
( I expect both Cockatoo and Irvine to have a bond )
Timeone and Pluton will enter into a funding
agreement under which Timeone will assist in funding Pluton to enable Pluton to:
?? place environmental bonds associated with the Cockatoo Island Project;
?? provide working capital to Pluton to commence Stage 4 mining operations of the cockatoo Project;
?? settle the purchase of the Cockatoo Island Project; and
?? finance the development of the Irvine Island Project (see 5.1 below).
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