BHP LOOKING FOR JVs, page-18

cv8r
I concur with your estimated CR of $10m. To do justice with the proposed drill campaign $10m will give ICG to test so many of the potential targets plus leaving funds to progress exploration at Frewena and MacCauley Creek tenements. The CR price and what incentives are attached I am not going to speculate on. All previous CRs that I can recall were offered to existing SHs so I believe there that won't change with this pending, but yet to be announced, CR. I recall from either the last or second last CR that it was possible to approach ICG to buy more shares at the same price and conditions within 3 months after CR if the initial CR is not fully subscribed. I will look closely to see if that applies to the next CR.
Cheers Rob