9 bucks to mine an oz of gold!!!, page-11

i have only had a quick look at the report, and from memory, the US $10 m was for equity and finance. exactly how much was equity, and how much was finance, i do not know. perhaps i should look at the report again, but as i only have a passing interest for the time being, it is of no great concern to me. i agree, that if the deposit was in australia, then it would be wonderful. sovereign risk is a critical factor in the phillipines. i may be mistaken, but as i recall, western mining pulled out of the phillipines, for what are, probably, obvious reasons. who owned rapu rapu, prior to lafayette getting the ground. it was not a greenfields discovery

happy punting to laf holders