Wednesday, July 30, 2008 8:55:19 AM
From Petty's June 30 newsletter:
"The total cost of our Tierra del Fuego project – which now includes 5,000 homes and a hospital – is estimated to be $325 million (USD). We are presently undergoing due diligence by a lending agent in Brazil. (This financing will not be provided by GDR Privée.) All requested materials except the GTL plant’s feasibility study have been provided; the study will be prepared by TECNA Group, SRL."
IMO, all they will need is a signed contract to complete the financing from the lending agent in Brazil. It's most likely contingent upon award of the contract.
Looking forward to an exciting time today!
Good luck!!!
Q8
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