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Without a financeable ground lease, moreover, companies may suffer increased costs or operational difficulties.
To establish financeable ground leases, you need to be aware of the various required provisions.
Bema disagrees with Placer's conclusion and believes that Cerro Casale is financeable in today's metal market environment under the terms of the Shareholders' Agreement, which states that if the project is financeable, Placer must arrange project financing or return its interest to Bema and Arizona Star Resource Corp.
The Board of Directors of Arizona Star disagrees with Placer Dome's conclusion and supports Bema Gold Corporation's view that Cerro Casale is financeable in today's metal market environment under the terms of the Shareholders' Agreement, which states that if the project is financeable, Placer Dome must arrange project financing or return its interest to Arizona Star and Bema Gold.
In order to make the project financeable Redfern is currently evaluating opportunities to reduce these costs and to expand the existing resource base.
Preliminary results from the Company's ongoing feasibility update study indicate that, due to the combination of increased capital and operating expenditure estimates and a reduced resource estimate, additional work will be required in order to develop a financeable project.
If Placer determines that it is not appropriately financeable, then Arizona Star can agree or seek other remedies under the Shareholders Agreement with Placer Dome.
The certificate ("Certificate A") states that Placer Dome has determined that the Cerro Casale project is still not financeable under the terms of the Shareholders' Agreement.
In addition, we are enhancing the products and services offered to customers, and we are continuing to look for acquisition opportunities that are accretive, strategically attractive and financeable and that enhance shareholder value," said Mr.

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