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World’s top aluminum producer sees raw material supply risk in Guinea, page-156

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FishiesPal

1,310 Posts.

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28/04/24

11:37

Post #: 73542630
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Originally posted by pikapika: ↑

LOL. Fact is until project funding is committed, it doesn't matter if Minim Martap is classified long term or short term, the project still won't take off.

Like I said over and over again, I strongly believe the President will not approve the ML unless project funding is committed. Why would Cameroon give us the ML if we don't have the hundreds of million dollars ready to build the project? This is why even with EEA on board for months already, the President still won't sign off our ML.

Cameroon and most (if not all) of the African countries are a lot smarter now. They won't give away the ML to companies who don't have the money to build the project for decades.

Minim Martap is a world class project. There is no way nobody wants it. Just wait and see what happens next. IMO, things could happen a lot sooner than many expected.

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Pika, it's irrational to think anyone would pay in advanced, $250-$300 Million dollars to fund the build of a mine, that doesn't actually have a Mining License yet?

Can you name any companies that have put that kind of money up front, before a mining license has been issued?

BTW have u checked the new wording on the CIMEC website? It is now accurate and aligned with where we're at.

Last edited by FishiesPal: 28/04/24

CAY Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
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