Not only are the T40 holding solid, so are original T40 investors…
Lindi has clearly come from behind to first mover advantage over the unfortunate projects with poor economics combined with higher CAPEX increased ROM costs and significantly larger TFS facilities…Poor basket pricing when compared to Lindi differentiated by expandable and coatings markets….
Lindi poised for validation…With funding and working capital well in control…The first bonus was building the plant on budget coming under the total Gemcorp funding allocation leaving the company with US$3.5 million dollars available from buffer allowances…Not a bad way to tick a box with plenty of other options available…Even more recently we have Tanzanian banks offering a line of credit
Plenty of security in the 19,000 ton stockpile plus the current mining activities already in swing…
Regards Croc
Ann: Development Progress - Lindi Jumbo Mine, page-3740
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