> such as ability to finance it
Hah. Under the WPG offer to Kingsgate: Kingsgate pay all the costs of putting the mine on care and maintenance (probably millions), and then WPG make NO payment to Kingsgate until the mine is actually re-opened (if they do), so in fact, Kingsgate might never get paid by WPG. Even then, WPG only have to cough up with 1/4 per quarter ... i.e. $250,000 per quarter, and only if they do re-open it. WPG offer doesn't come across to me as a professional offer - sounds more like kids running a lemonade stand.
Ann: Open Offer to Kingsgate for Challenger Mine, page-9
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