mining forecast young, page-10

Thanks for your response. I think that $250m for the young
project is not unreasonable after the technology for the ore separation is finalised. I believe from the tone of recent reports that time is near.
The pilot plant you mentioned, have we not had an offer from one of our suitors to make this available, or is this plot plant unsuitable. If the plant is ok how much would we need for the testwork mentioned in your response.
How much would you allow for the value of the pilot plant
in any joint venture arrangement if that was the way to proceed.
Do you feel that the company would require working capital
to fund production, if so how much. Could that be supplied by a bank if the Company prooves the venture and arranges a
joint venturer to provide the equity required to borrow funds for the balance of the $600m needed for the capital works.
I look forward to your reply.