Following on from Cara's post in the other thread. Kito License...

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.