ALLEN4 - "..The second issue is "having no good financing options". That is a legitimate risk. The capex of 609 million to develop all of |Kiaka at once is huge even for these guys who are accustomed to working with big numbers. But so is the NPV of Kiaka; at today's POG the NPV is well over a billion. And take a look at the capex for Essakane when it was developed; I do not have the precise figure hand; it was a little less than 609 but not a whole lot, and that was at a time when the price of gold was much lower, and when it was developed it was historically the biggest investment in a mine ever in Burkina Faso - in other words there was no precedent at the time. It has been a great success. Surely, when financiers or the majors are looking at Kiaka they will also have in mind the success that Essakane has become, notwithstanding the significant capex required for both. ..."
Do you remember when Essakane was developed? How was it financed? What was the financings climate at the time?