The 2018 PFS assumed Chinese manufactured equipment and a full Chinese EPC and installation. Tanzanian local content laws and regulations are somewhat prescriptive in relation to local content requirements for mining development and operations. While the Company will investigate whether the Tanzanian Government would grant a waiver to allow for a full Chinese manufacture and construction, the DFS has been prepared in compliance with Tanzanian local content requirements.
WKT:
Maybe you chinese partner is not allowed to build up your mine and you have to take a Tanzanian one with increasing Capex for WKT ?
MVL Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
