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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: alburk who wrote (9085)	4/13/2006 11:00:00 AM
From: Anchan	Respond to of 78426

Re: EPM. Thanks for helping me figure out the details. The $69.5m seem to be the monies payable to the contractor towards completion of the mine. But maybe the mining fleet comes on top of that? I quote from the Q4 report: "As a result of the SENET Review, the capital expenditures to place the Project into production are now estimated at $145 million (including the purchase of the mining fleet), with approximately $75 million estimated to be spent in 2006. The funds required for these expenditures are available from funds raised through the Offering, the Debt Facility (if drawn down) and the Financing." I am unsure about the hedging. Maybe somebody with a brain might look, for all of us, once more at EPM's hedging conditions and tell us whither their future, aurelian or barrick.