finance ann, page-77

I don't think the financing will come from a bank but rather a metal trading house or down stream user. I also guess if that is the case there will be a share placement of about 10% along with a convertible note which will probably dictate any movement in the share price based on the conversion price. A life of mine off take agreement will be in place that includes AN. The financiers will already be privy to the resource upgrade that was expected in May which I guess to be about 70 000 ton