So PSC own 70% of Arcadia.
The cost is $52.5million USD.
The JV would recieved $10mill USD from Sinomines.
So the JV would need to find $42.5mill USD = $56mill AUD
70% of $56mill = $39.2mill is how much PSC needs to spend.
30% of $56mill = $16.8mill is how much Farvic (Harry) would need to spend.
PSC have $20mill in the bank....
So it would mean that PSC would loan/CR for another $20 million.
No stressed at all. Bought some more today.... 5c is too cheap based on Hunter Capital Report.
Ann: Research Report Hunter Capital Advisors, page-12
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