I have clarified my comments below and requested to have the original post deleted to ensure I don't fall foul of the HC TOU.
As I am now a holder I have some strong thoughts on what the Company should do from here to actually achieve funding:
"The objective of the Early-Start Program is to advance the project construction process along its critical path while project funding is being finalised and negotiated. The primary benefits should include a reduction of the project construction timeline due to the period of manufacture of equipment in China."
Kill the China manufacturing - No self-respecting Western company should be quoting P&E from China. In all modern ore processing operations, western equipment is preferred to Chinese equipment for critical areas of the plant. If the DFS has been prepared in compliance with Tanzanian local content requirements, I can't find any letter from the Tanzanian Government that they would grant a waiver to allow for full Chinese manufacture and construction
Kill the early start garbage - Your not fooling anyone. We now have a very expensive car park with nothing to show for it. Save money and put it into trying to find the funding.
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