Content of Draft Program. Any draft annual program and budget of Partnership Business for any Fiscal Year submitted to the director on the GP Board in accordance with Section 8.1 must, at a minimum, contain: (a) a statement in reasonable detail of the proposed Partnership Business; (b) an estimate of all Expenditures, including capital Expenditures, to be incurred and an estimate of the time or period during which it will be incurred, plus a reasonable allowance for contingencies; (c) such other facts as may be necessary to reasonably illustrate the results intended to be achieved by the proposed program; (d) an estimate of the quantity and quality of the ore to be mined and the Product or other products and by-products to be produced; (e) an estimate of revenues and other cash receipts to be received by the Partnership from sales; (f) an outline of the sources of funding to be used to implement the proposed program including anticipated Cash Calls; and (g) any other information required by the GP Board. Each draft program will be accompanied by the reports and data that are reasonably necessary for each Partner to evaluate and assess the Approved Annual Program and Budget for the then current Fiscal Year and the draft program and budget in respect of the next Fiscal Year. Upon request of any Partner the Operator must meet with that Partner to discuss a draft program and budget and will provide such additional or supplemental information as that Partner may reasonably require.
Content of Draft Program. Any program of Joint Venture Activities submitted to the Management Committee in accordance with clause 11.1 must, at a minimum, contain:
