CAY 0.00% 15.0¢ canyon resources limited

Ann: Commencement of Minim Martap Mining Convention Negotiations, page-18

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  1. 2,541 Posts.
    lightbulb Created with Sketch. 211
    IMO, "Secure Mining Permit" and "Financing Agreement" will happen simultaneously. Pretty sure there is no chicken and egg scenario.

    Why would Cameroon issue the Mining Licence which generally carries 25? years mining rights to somebody without assurance that the mine will be developed within a reasonable timeframe, say 2-3 years.

    I bet Canyon's strategic partner MCC-CIE will be at the negotiating table with PG and the Cameroonian officials.

    ".....Meetings will commence in the coming days, where the Camalco technical team will present the technical
    aspects of the Project to the Ministry of Mines, the Cameroon State owned mining company, SONAMINES as
    well as other relevant Government Ministries.

    Canyon’s Managing Director, Mr Phillip Gallagher and the Company’s legal counsel will attend negotiations
    in Yaounde and other regional locations in Cameroon throughout November, with a final joint site visit
    planned for early December 2021. Following completion of negotiations and consultations, it is expected
    Canyon will have an agreed Mining Convention with the Ministry of Mines......"

    We are so close now! I think we will have a very happy Christmas this year.


    https://hotcopper.com.au/data/attachments/3735/3735012-08e5e4a26880ccd48589529522897489.jpg
 
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