Confused ?

So the Brazil CDG & BCI JV re iron ore projects, three project area's i understand.

So payment of $2 m by Sept 2014 for Bahia Project for 10% interest

So payment of $2 m by March 2015 for Minas Novas Project for 10% interest

and $1 m for every 100 MT capped at $15m for 51% interest in projects.

Questions

(1) Where does CDG come up with $2m for its 50% share of 10% interest payments when there funds are dedicated to gold projects and only has approx $1.5m in total in the bank ?

(2) What happens to the remaining 49% interest in the projects ??

It seems rather complicated to me and a very expensive deal for Fe in Brazil.