"12. Noble Group would take over EER or fund the...

"12. Noble Group would take over EER or fund the development.
Noble group had a revenue of $56,696m and a profit before interest and tax of $1,029m for the 2010 year".

Noble also has;
Cash $875m
total bank credit facility $9.3b, $3.5b used -
$5.8b available (takes the risk away for funding the 30mtpa mine)

EER should be at $1.50 now, then onto $2.50 - $3.00 with allocation on Hancock's line