write up in today's afr, page-7

sorry guys, it was a typo.

Should read mix of bank debt and off-takes ...


Extract from the AFR article below (Australian Financial Review, August 2012):

'However, (Kariatis) is confident YTC can meet the $73.5 million project cost through a combination of bank debt and funding from partners interested in securing base metals concentrate from the mine and the Nymagee project in the same district, which is yet to be given board approval.'

The article then goes on to list Glencore and Yunnan Tin as obvious candidates for the off-takes; it also mentions Glencore's ties to Cobar via the CSA mine.