PEX 7.69% 14.0¢ peel mining limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5

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    Hi Sarg, the question of how to fund the project through construction and commissioning looms large. Ideally a company like Posco would inject some of the capital needed in exchange for equity and a board seat. Debt might be undesirable with interests so high. Surely CR would be in the mix? Perhaps they can win some early Pb/Zn/Ag dso from the T1 orebody which sits between Mallee Bull and the surface - early revenue.
 
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