Hi Jkahn, It certainty will be interesting to see how they plan...

Hi Jkahn,
It certainty will be interesting to see how they plan to fund the mine capex for the south korea mines which i think will come in at between 5-7 aud million for the first stage! I think the cannon royalties will help us to begin the construction of the mine and continue to pay company overheads next year... But once the feasibility study is completed by blue bird. The market will have a good idea on how to value these south Korean mines. I wont be surprised if some insto's then jump in and an off market capital raise will happen at say 30-35cents to raise 2-4 million aud to see the mine into gold production by the end of next year. http://www.turquoisehill.com/s/news_releases.asp?ReportID=375298
this is an article on the only south Korean operating mine.. Cheers ST