A point on GJ's and other posters comments regarding the...

A point on GJ's and other posters comments regarding the placement allowing GBG to be debt free or have no debt, is a bit of nonsense.

KML will need to have borrowed probably upwards of $2b by the time they achieve a 12mtpa start up. GBG's share of KML will owe approx. $1b.

GBG now virtually consists of the 50% they own of KML for the next few years at least; plus their other tenements of which GBG would need to borrow or pay someone(KML?) to develop anyway until sufficient cashflow is achieved. So basically for the next 4-5 years GBG is 50% of KML.
And 50% of KML will carry $1b of debt.

How much differnce will another 16% in borrowing make then. At the 5% talked about- $8m pa in interest. Not much in light of total borrowing.