Ann: Mitsubishi Funding & MoU Update , page-24

Amok,

Thank you very very for your detail reply and sharing your experiences.

I have just reread the AGM Presentation 15 Nov 13 and the 3 Feb 14 in summary the following points are raised.
• Capex $55.00 Mil.
• Payback $1.5 years.
• Mitsubishi $15Mil injection.
• Mitsubishi retain the right to 80% off-take from stockpile production AND 50% of open pit production.
• “RtMJs’ planned intention to providing an additional funding will allow Carbine to complete the development process for the tungsten stockpiles and will ensure the company is well funded as we progress to permitting required to reinvigorate the former open pit tungsten mine”

Another question if I may:-
Considering the comments above and the 21 Jan & 3 Feb announcements I am starting to think Mitsubishi are already the cornerstone investor and will be injecting a lot more than the suggested $15.0 Mil.

Considering the off-take agreement above what would you suggest a typical Mitsubishi funding agreement would be?
Would the funding be made up of Mitsubishi, Friends of Mitsubishi (??Moto engil??) and equity?
Would Mitsubishi be very hands on with the funding package?

I would appreciate your comments.

Thank you.

Please DYOR.