Interesting the WKT bulls who have continued to mislead Hotcopper investors are no where to be seen today. What happened to the 3000 tonne per day production facility that they all claimed was being purchased?
Todays announcement confirms the production facility is 840 tonnes per day (as I claimed) 306 ktpa running 24/7,
@Natos is there any reason why WKT didn't detail what the total cost of the EPC contract?
US$1.6 mil is well short of the companies announcements that suggest a total capex for the production facilities was US$10.5 mil.
Although there is progress with Jinpeng's EPC contract, WKT is still working on finalising the final EPC contract with Jinpeng, which will unlock the Tanzania Banks finance.
Ann: Lindi Jumbo Project Update, page-6
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