Ann: Thick Shallow Gold Continues at Jones Find, page-6

Management are conservative sort of guys. They would not normally debt finance the whole project and the money boys wouldn't normally do that either unless it was backed up with other assets or cash flow. I have been using a 50/50 debt to equity scenario but i don't know what they will do.
It will come down to how much they need, the interest rate, pay back timing. They would also consider any future plans around the second mill and how they gets paid for. I assume that will come via cash flow from the first mill. Ive always taken the view that the plant can be put together for under 200m shares and some debt with a quick pay back. These are just back of the envelope numbers and only the company can provide us the real numbers. This should be cheaper than many companies could hope to get started for given the location, grade, mine life, pre owned mills, access to infrastructure, exploration upside and being close to Kal.