LarryC your angst was understandable.We know you are newer to the fold than us long timers.My fav. part of the interview MR.Hopley gave are as follows.
MH: About $1.3M. That doesn't sound like much, but we also have substantial credits from ENAMCO, our JV partner. Our expenses are small, and ENAMCO will fund the next $5.5M of the project. In addition, our partners owe us $13.3M, which we will begin receiving after phase 1 financing is finalized.
TGR: What about the capex for the rest of the Asmara project?
MH: Phase 2 and 3 capex combined will be ~$350M, and we will have various ways of financing that. We will have a cash component put away from phase 1, but phases 2 and 3 will be financed primarily through debt. Having phase 1 operating will make the financing of 2 and 3 that much easier and more tangible.
TGR: Are you considering offtakes?
MH: Everything is on the table. We are talking to various offtake companies and middle traders for phase 1. They have indicated a desire to be involved in phases 2 and 3 as well.
TGR: Since the Sept. 11 agreement was announced there's been a significant uptick in Sunridge's share price. Do you anticipate that continuing?
MH: Yes, I do. I think once people understand what we have in this mining agreement, things will only improve for our shareholders. We now are working to finalize the project capital for phase 1 through non-dilutive methods. We expect the market to view this as another major milestone for Sunridge Gold.
(All high lights are my doing)
Once again LarryC it confirms what we have told you all over this long course of events.It also proves the bashers are out to deceive one and all.Enjoy the new found wealth that will bestowed upon you over time my friend.And as a newer poster here states YOUGOTTABELIEVE.