raising capital & dilution, page-13

If an offtake agreement is reached where the purchaser funds CapEx that'd be good pending the conditions of course and assuming the company in these times has the funds to do so.. A better option i believe would be to see MineMakers use their NT Government support as a major project to also ask the NT Government to guarantee a banking facility or tranche of a facility. NT Government could make a separate arrangement with MAK in the event the guarantee is called upon... this would mean banks would view the risk as NT Government risk and the margin on the loan would be less.. The agreement b/w MAK and the NT Govt could be a stakeholding in MAK or progressive payment to NT Gov if the banks call on the G'tee.. If the NT Government are making taxes etc from MAK's profitability then it could be in their interests to make some sort of arrangement with MAK in the event capital looks unlikely to be raised... this would be a better option for existing shareholders.