Following on from Cara's post in the other thread.
Kito License Press Release
$16.95M at 31 Dec.
It appears Otto will need to put up $US3m for a Kito Guarantee. (that's only a guarantee costs, not reflection of possible total costs which I thought was more around $8-$9M)
1 years Admin = $4m (+/-)
Was it $9m for SM71 now?
Balance $0.95m (if Kito doesn't costs more than $3m for their 50%)
Alaska??
Bivouac Peak ??
So when /or do people think we shall see a huge capital raise / dilution?
Or do people think Otto, (and/or the JV) wont get the license extension?
Will Alaska and Biv Peak need to be delayed?
Even if they are delayed...I can't see Otto being happy sitting on a potential zero balance bank account.
Only need to wait a few more days I guess to see how this pans out.
GL to holders and the faithful.
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