Ann: Half Year Accounts, page-3

Yes read all that but still confused as to what PFJV actually owe BlueCap at this time. The report you copied is old mid year stuff the latest report is dated 31st Dec 2017

((iii) The Joint Venture entered into an agreement with Blue Capital Services Pty Ltd to fund mining costs
needed to bring the gold mine into full production. Blue Capital Services Pty Ltd will fund mining and related costs to a maximum of $7,500,000 until the mining operations are cash flow positive. The fixed return is calculated at 30.7% of the accrued Working Capital Extension and at 31 December was $3,223,486 (30 June 2017 $43 9,094). At 31 December 2017, the Joint Venture had drawn-down $6,215,140 (30 June 2017$1,430,274) on the Blue Cap funding facility. The total JV borrowings at 31 December 2017 were $9,438,626 (30 June 2017 $1,869,368) of which Empire’s 60% share was $5,663,176 (30 June 17 $1,121,621) inclusive of
the facility fee. Blue Cap has a mortgage over the Penny’s Find Gold Project Mining tenements until the
borro wi ngs and fixed return are paid in full.