silly sellers, page-2

Hi All, amazed at the selling too. What will Monday bring??


KNP............................................................................................................1 500 000 000

Debt component 70%..................................................1 050 000 000

Equity component 30%...................................................450 000 000

Inco equity 60%...........................270 000 000

Heron equity loan 35.5% .........160 000 000

Heron equity upfront 4.5% ........ 20 000 000

Heron's receives 40% for contributing the resource base and 1.33% of the project costs


Timeframe.......Pre Feasability Study!!

Step One.........30 July 2005..............12 months..............30 July 2006

Step Two.........30 July 2005..............26 months..............30 September 2006

Step Three......30 July 2005..............42 months..............31 January 2008


Timetable........Bankable Feasibility Study

Completion......30 July 2005.............72 months..............30 July 2010


Timetable........ Commence Construction........................????????????

Great Deal....but how long will it take to see the $$$$$

Comments Please.... I'm freakin' out.....