Initial CapExKakula: half of $1.23 billion = $615 million
Platreef: $1.544 billion includes JV partners. IVN is seeking $1 billion financing. Presumably partners will also contribute to make up the difference. IVN owns 64%.
Kipushi: $327 million.
$2 billion would get all three projects into production. Is this super high CaPex? To some it may look expensive, but in today's markets $2 billion is no longer a lot of money. The main concern won't be financing. It's revisions to the mining laws. Two positives to note in Congo. The government has stated they are prepared to make separate deals on a project by project basis. They don't have to adhere strictly to the new mining law with projects already in the pipeline. Two, the recent news release from the Company sounded very upbeat. If the Company were facing insurmountable obstacles in negotiations, this likely would have been reflected by a more restrained message. Maybe not, but that's how I read it.