under the terms of the option agreement whereby AVQ received 80%...

under the terms of the option agreement whereby AVQ received 80% of AXIOMKB the landowners were free carried up to commissioning of the plant.

below is the extract from the announcement of 20/10/2010

"Importantly, the Kolosori and Bemusule people will retain a 20% free carried interest in the Project, up to commissioning of the plant, if Axiom exercises the option and will receive the benefits for the life of the Project."

So AVQ need to cover all the costs up until production. That why to date we have paid all litigation and site costs etc When the plant is commissioned (production) then OPEX costs will become part of JV costs (AXIOMKB) and entitlement to profit will be in the ratio of equity held. 80/20.