Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Claude Cormier who wrote (63064)	1/25/2009 4:31:18 PM
From: tyc:>	Read Replies (1) of 78421

Could you please tell me where you read that 8.5M of the Bank credit has been taken down ? I didn't know that. In any case, it is my understanding that, if/when Goldcorp exercises its option the amount of the bank loan will become a liability of the joint venture. I look in vain for what happens if the G option is not exercised, except that the option agreement says that if the loan is defaulted to G then G becomes entitled to a minimum 51% participation of Mt Milligan, under the option agreement. BTW are you aware the Charles Jeannes has a seat on the board. Isn't he the new head man (pres) of Goldcorp ?

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