By the way, I note that they forecast 100,000 ozs/year at Magino. By my calculations this means a 2,000+ tpd mill. Any one know what this would cost? As far as I am aware there is no custom milling spare capacity in the area so they would have to build their own.

Probably a precentage of the first 2 or 3 yeas of production. With the price of gold high and even small deposits becoming econically viable, we will be seeing a lot of this. Someone pre-paying for a percentage of early production to fund mine construction. Still we're a few years away from that, there isn't even a pre-feasibility study yet and the need to prove more ounces.