Well BKP require extra cash to start flowing from...

Well BKP require extra cash to start flowing from somewhere.
Depends on how viable this iron sands project is, how soon cash can start flowing in..with minimal!! cash outlay at the beginning.

The idea would be to help cover its obligations re the 25% from existing cash and this project if it produces decent cash flow soon enough... If we are to avoid a dilution of that 25%

However even if it can't do that maybe this project can provide income to help investigate its potential conventional reserves.

Ideally though we wouldn't want that 25% diluted at all and they should look at ways to avert this...however that seems pretty hard. I suspect spec investors are not going to be too interested to increase their investment much more in BKP, if at all.

Also can they look for a partner to investigate the area of its 75% interest.

NOW if it seems that there is no way at all they can cover their obligations for its 25% interest thus meaning dilution or loss of its 25% interest...then..do they decide to use the money they have in the other 75% area...a big gamble in itself. Will take a careful evaluation of the Ryder Report data...and maybe a further geo investigation of sorts...

They need to start game planning various options.