cmonaussie,
1 and 2 correct.
The other money is (imo) the capital injection of ENAMCO's 1/3 share. Rather than recording on 2 separate sets of accounts, they are reporting on 100% of the project which Nevsun has the controlling interest. So the non controlling interest cash injection gets recorded as a "loan" on the balance sheet and will be written off (paid back) over time (as though it was a loan) from the cash flow of the mine. They have to pay it back because it's not theirs yet they are reporting on it. The loan is not callable and has no fixed repayment scheme. I'm no accountant but I hope that makes some sense. Feel free to pick me up on anything.
Chalice had the same sort of deal and has sort of explained it in their report - Appendix2 http://www.bourseinvestor.com/bi4/pdfnews/default.asp?d=01180069&f=20110512
The last point-
"The project will be developed by a joint-stock operating company with capital injected as shareholder loans."
Also they essentially get the option of 30% at BFS stage which is before the CAPEX is spent. In Nevsun's case, they just didn't work out the actual price on the NPV until the first gold pour, I assume due to the volatility.
Don't forget the offer is closing TODAY.
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