The 16% FCI is law. No companies are arguing against it Croc - that would be a dead end. I agree that the 16% FCI could be terminal for marginal projects. Operations with quality deposits, such as Lindi and Epanko, should be able to comfortably accommodate it.
The added issue for those companies with planned downstream processing operations - Tanz Gov are using the EFA as leverage, stone wall even. PEK has been forced to abandon downstream processing (UK plan) entirely in start-up operations, with consideration of an in-country refinery at a later stage. WKT have no concerns here.
Ann: Supplementary Prospectus, page-51
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