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Message: Re: White Tiger Gold's Savkino Project Awarded Regional Investment Project

In trying to figure out what this means/is worth...I have no idea what the value of the award is...Any financial support is good in my view; assuming there are no hidden strings attached. There is no indication on how long this award goes for...effective 1 January 2012..until when?

This is best guess at this time as to what the value is here:

The lease payments...no idea of what 'partial compensation' is but...looking at the 9 months ending Sept 2011 MD&A...looks like $700,000 spent on lease payments. (Perhaps 1 million a year?) I presume some % of this will be returned as compensation.

The subsidizing of loans...is this the interest rate for up to 50 of the 150 million? At this time we don't know what the interest rate is...subject of furthe discussion...From the 31 January NR :

"Terms and purpose of the use of the remaining US$70 million of the facility is subject to a further discussion between VTB and the Company. Details of the loan facility are provided in the table below:

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Final       60 months from the date of execution of the Facility agreement.
 Maturity   The Final Maturity Date may be extended for up to 24 months at
 Date:      the sole discretion of the Lender.
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Interest    Floating, 3m LIBOR plus a margin of 8 to 14% per annum, based on
 Rate:      the annual gold production level, within the range for 200koz to
            100koz per annum.
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