Also under the original debt funding arrangement Ansteel will guarantee our debt till Karara goes into production. I don't understand why people say we have no choice but to enter the equity funding arrangement.
Ansteel needs us as much as we need them. Ansteel will not leave GBG. They want our 70 yr life mine. with all that magnetite and some haematite. Put it this way, who else in the junior miners currently has a world class iron ore long life mine that Ansteel can invest in?
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