sp 21/12/2010 and > , page-31

Hi glava....

CAP will move forward through the BFS with or without the $25 million.BMG doesn't have to worry about it til March 2012.

BMG does have to fund the BFS,though (beginning mid 2011)


The only reason I can see BMG paying $25m sooner would be to give them majority control of the project.

I guess that ties in with the points you made in your post re control over establishing markets etc.

Will be very interesting to see how this plays out.


Cheers