License are on schedule we have 5 people who are old AGO working on them these people built 8 mines in 5 years so they are more than capable of getting the licenses and permits up and running on schedule.
As for funding the board wont go CR as the dilution factor unless the SP recovered to say $1 so they will be looking at a hybrid of sum sort of debt/pre payment. KB in a recent presentation said he had money thrown at him so its not a matter of what finance we can get but of which is best for the company/SH.
As for BOA's we can sell the production of the 2mtpa 3 times over NB said from a previous presentation if we wanted too but its more of lets talk to all of them and see who gives the best deal then look at the 4mtpa.
Going to the RRS in Melb on Wednesday so hopefully will hear more about the plans.
Thesi’s soapbox questions for Ken Brinsden, page-65
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