revisiting, page-14

A new Capital costs estimate would have shown they needed to raise $200 mil in extra debt/equity before they spent a red cent on the development - if they can't raise the funds then they don't spend $120 mil in valuable shareholder funds on a project that is now less than 40% complete - unfortunately none of us investors now know if this expenditure(or any of it) will be recouped by an outright sale or JV - it's exactly the same principles when you're building a house - you're frigging nuts if you don't know how much the house will cost to build,haven't got finance tied up and a fixed price contract to have it built - same principles apply to building a gold mine.
As for cashflow - most investors are doing this exercise with OGC for the purpose of seeing if it can survive the next two years and how much they need to raise in extra debt/equity/sale of Dipidio to get them through to the end of 2010 when it should then become smooth sailing. So you need to see how much cash is being generated by the total entity in each period - we already know that their cash costs are fairly high @$US475/oz($NZ800)and their admin costs are also on the high side.
PS.The USD mightn't be the world's reserve currency for much longer.