Louis P. Gignac and his board membershipsWe all know he's...

Louis P. Gignac and his board memberships

We all know he's chairman of Marengo.

He's also a board member of the Sentient Advisory Council,they advise the Sentient group.

He's also on the board of Franco Navada

Royalty: Stream: ~86% AuEq on Inmet’s share

Franco-Nevada entered into an agreement with Inmet in August 2012 for a precious metals stream on the Cobre Panama copper project in Panama, one of the world’s largest copper-gold-silver-molybdenum porphyry deposits currently being constructed. Under the terms of the Cobre Panama Agreement, Franco-Nevada will provide a $1 billion deposit to fund a portion of the Cobre Panama project capital costs. The deposit will become available after Inmet’s funding reaches $1 billion and funding of the deposit will be pro-rata on a 1:3 ratio with Inmet’s subsequent funding contributions, up to a maximum of $1 billion. The amount of precious metals deliverable under the stream is indexed to the copper in concentrate produced from the entire project and approximates 86% of the payable precious metals attributable to Inmet’s 80% ownership based on the initial 31 year mine plan contemplated in the Cobre Panama Engineering Summary Report dated May 6, 2012. Beyond the initial contemplated mine life, the precious metals deliverable under the stream will be based on a fixed percentage of the precious metals in concentrate.

http://www.franco-nevada.com/royalties/our-royalties/gold-royalties/operating/cobre-panama-panama

Have a look at the Cobre Panama/ Franco Navada presentation.

http://www.franco-nevada.com/files/September%20presentation%202012.pdf

Extra funding requirements shouldn't be an issue IMHO.

Raider