Disallowed, page-102

I posted a very similar view just recently, you are quite correct, financers will need to feel comfortable that construction and first production is within the pay back period and within a three year peak of the gold price. We can argue re production time frames but given where it is in Brazil and their response to covid ie who cares, I estimate 3.5 years including payback, which means, sorry not quite there yet boys if gold price has already peaked. But if it hits $2500 then Hello Dolly
the other point is brv has other funding options that bkt doesn't have Chinese stimulus is in building projects and free carrying manufacturing BRV can obtain free carried mill and pay off once production starts although being Australian company is a problem but partnership with a Brazilian company could get around that. BKT does not have that option because the graphite battery maker offtaker has one one to sell the battery's too as all investments in electric car marking factories are now off the table as companies look elsewhere other than China to build them post covid