Ann: Revenue Generation Recommences-KBL.AX, page-107

It is simply untrue to say that any liability on the balance sheet has to be repaid. I don't know exactly how the streaming is accounted for, but I would expect to see a large liability created which will be the streaming deal. The accounts of an entity like this would be complex and it is probable that the "deferred liabilities " are not repayable in the normal sense. There is also a large liability created by the requirement for rehabilitation which is not "payable" while production continues. As to mine life, it is probable that the underground deposit will extend at least to one thousand metres. It simply has not been drilled and it is not economical to do so except from the bottom of existing workings. Mines do not prove reserves more than two or three years ahead. They know where their ore is coming from for a good few years yet.