due diligence completed ..., page-6

The extra cost is for the expanded mine plan which now includes underground mining. In Coeur's webcast at the time of the announcement of the merger, Dennis Wheeler mentioned expanding the Palmarejo mine plan and increasing expenditure on it from BSG's figure of around US$80 million to US$125 million. The due diligence has now indicated a figure of US$200 million.

I expect I will be voting in favour of the proposal if a better takeover offer doesn't eventuate.