Camrova Resources Inc. (BAJFF)

[carl12341234]

There has been several discussions about BAJFF.
My search of contracts show a position that may not be generally known.

The Korean Consortium (KC) have paid $90 million in the past weeks to continue Baja mine to move forward.
KC are also responsible for 30% of the senior debt, as of this DD the total drawn is $600,000,000.00 X 30% = $180,000,000.
The KC have the financial ability to complete the mine. So, if the mine was to fail, they would be more than capable to pay back their portion of the loans. ($180M
If the KC decides not to go forward with Phase II finance, all of the money invested to date in credited towards the $180M they would owe.

So to think that the Koreans are shuffling additional funds into the mine is simply not true.

As long as the project is still viable, I believe the project will go forward.

Source, conversations with CEO Tom Ogryzlo at 604-685-2323