on schedule, page-4

I think you have missed the whole point Fluffy.

CAP has no funding risks and are free carried to mining. 20% of a 20 million tonne a year operation is not worth $45 million.

Also, BMG only have an interest in Hawsons Creek and not any of CAP's other projects so therefore they do not control the company.

You are also not taking into a/c the cash CAP are ending up with.

etc , etc.