Hahaha - you have to pay 100% of the costs, but you get 65% of...

Hahaha - you have to pay 100% of the costs, but you get 65% of the profit as Mali get to buy 30% of the project for SFA and give away another 5% to their mates at that rate.
And you also have to contribute to other schemes on top from your 65%. And pay 35% of that 65% in taxes/royalty.

Mali is an international no-go zone for investment unless you have the deep pockets to fund the capex yourself and are prepared to accept the above, which almost nobody is with the sovereign risk on top. Investors would be unlikely to accept that in tier one stable location like Australia let-alone Mali.


You now own 65% of nothing if you are a shareholder in an undeveloped Malian project because nobody will finance it.