Yes, someone did raise the question regarding cvi’s funding and...

Yes, someone did raise the question regarding cvi’s funding and cash position. MS is of the opinion that the majority of the funds required to bring onboard assets have already been spent and the remaining $1.5mil is only required for admin expenses. If need be, they still have access to the 75mil share placements to fund further admin costs and maybe add the iron ore project to their basket as well.

All other costs will be factored into the financing arrangement which they are working on now.

Someone did suggest to MS that the 75mil shares placed could be put into escrow and MS was very keen on taking up the suggestion!