re: to raise $100mil Like i said IMO slobby wording and...

re: to raise $100mil Like i said IMO slobby wording and reference in
this interview so difficult to understand the logic...

As i understand it Mr. Munro was "talking" about
the finance needs (debt and equity) to tripple
output, this means SEEW plaants for both Kulu and Kinservere.

The capex for both could be in the region of 100 mio $,
however re equity one should also consider

1) a reasonable volume of gearing (50%?)
2) huge capex amounts will be neccessary not all at
one but over time (for Kulu in 2007, for Kinsere in 2008).

Exploration and stage I capex for Kinsere could IMO
be easily finaanced with cash flows from the existing
mines as well as the existing debt facilities.