That is exactly why I first invested, $30m is achievable and they did. It wasn’t easy either, in fact it was harder than I expected it to be given the quality of the resource and the expected profitability of the project but life always throws hurdles up.
EGR management have already admitted they will need a 50% partner and then they will still have to come up with their share of the CAPEX. I doubt they will get debt funding due to the low margins which 50% will be taken by their partner. Their projected costs from 8 years ago will likely cost another 50% on top due to inflation.
WKT got it right and those who invested got it right, now these others are still trying to say they are right, the joke is on them. I laugh at every comment they make now it’s not even worth responding to them
Ann: Development Progress - Lindi Jumbo Mine, page-6408
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