The deal with the MAJOR, will not result in an influx of funds...

The deal with the MAJOR, will not result in an influx of funds into Gunson, the money the MAJOR pays will go into Gunsons share of the Project, remember the project should be seen as a specific JV project with no bearing on Gunsons other activities. I understand that if the money was paid into Gunson and not into the JV company being formed, Guson would be liable to pay tax on these funds, by going into the JV Company no tax will be applicable and furthermore no dilution of existing shareholders funds. So they raised some money, they need it and it was raised with little discount to current share price.The Coburn project once the deal is comsumated will have no more requirement for Gunson to provide funding for, the Project will be stand alone and after Gunsons initial input of the buy in fee from the MAJOR the project will be self funding and development funds required will come by way of loans from the Bank with guarantee's for Gunsons loan from the Banks given by the major.