9 cents to go, page-8

nothing is going to happen until the PNG gov decided whether to take up its 30%, at a cost of $30million. Or for $50million they could buy the whole project if they were to bid for the company.

if PNG go for option 1 they also need to finance 30% of the project. Since banks will loan at least 50%, or $80million, then KGD only has to find another $40million for their share, of which $30million is spoken for. In fact at the high end of the bank finance, 70% KGD is in fact home and hosed

The market will wake upto this in due course.