I agree with yu 100% on this the US$ 300mil Drawdown should only be used to get the mine online, and start Smelting Gold by Dec this year! which now at { US$1933 per oz ] and climbing!
Don't for get its not our main backer Quantum Metal in this Gold project f*ing us over itsPangea's JB !
About Quantum Metal Sdn Bhd:Quantum Metal Sdn. Bhd. (1011907U) registered on 30th July, 2012 with a paid up capital of RM10,000,000.00. It is one of the largest gold bullion distributors in Malaysia. Quantum Metal core business is providing 99.99% premium gold products to the Malaysian market including, government bodies, banks, financial institutions, merchants and individual dealer. Quantum Metal initiates the linkup between local banks and International Bullion Supplier, including, PERTH MINT. Quantum Metal business model reduces risk of local banks with local banks having direct transactions and legal transaction through Quantum Metal. As Quantum Metal customer, local bank is free of capital expenditure for the project as 100% of system and infrastructure will be invested by Quantum Metal Sdn. Bhd. Our return of investment is through revenue sharing model with local bank. Quantum Metal team is continuously investing in providing the best SOP model and secured real time online integration between local banks and Quantum Metal.
Let's hope Management start coming up with an update ASAP
I agree with yu 100% on this the US$ 300mil Drawdown should only...
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