I'm sure there will be those who want to pick holes in it but all looks like they will eventually be going mining to me. Looks good.
All they physical facets are there. It certainly doesn't look like KFE will be going for it alone.
Funding Alternatives: All the more reason to reissue the oppies imv.
No formal funding discussions have commenced to achieve
the range of outcomes indicated in the Study and funding
of approximately USD507M will likely be required. Typical
project development financing would involve a combination
of debt and equity and Kogi has formed the view that there is
a reasonable basis to believe that requisite future funding for
development of the Agbaja Project will be available.
The Company would consider forming a strategic partnership and co-operation in the development of the Project with local Nigerian and African steel producers; and— The Company could raise equity raising from traditional means and it would also approach new investors in the UK and Europe that have a strong understanding of funding African infrastructure project.
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