This is is simply maths. I didn't write the announcement - WWI did. If you want to argue take it up with them:
"...approximately 55% of all project funding for Qala Shallows gold mine. The IDC will provide an amount of up to ZAR 465 million with Absa providing the balance. The remaining 45% of project costs will be funded through equity and early revenues".
The estimated project costs are $90m based on the above statement. The funding is 55% debt, likely cornerstone investor and early revenue. It really isn't all that complicated.
Now if you don't believe in using equations to find total numbers go look through the DFS. Apparently you have 20 years in mining and finance yet you seemingly think a companies DFS wouldn't include the total project costs? Scarcely believable.
WWI Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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