Ann: Quarterly Activities and Cashflow Report, page-80

I did generalise with my claim and must make it clear that I do not include quality posters like yourself and Deboss , stakx , 8, ob , Stfh and so on.

We must tho scarps factor in the game that is being played here . The road completion vs dfs release for example . And so on ... it’s these overriding politics that are also playing out and not just slippage in milestones .

To elucidate: NF needs investment funds to start mining. To max this he needs a dfs Npv and irr based on defined transport route (not prospective ) so if Chinese delay completion then so must the dfs delay. He has to keep abreast of the Chinese juggernaut who in my opinion are omnipresent in the Drc yet in line behind huayou who can’t really afford the right price. The road-completion vs the dfs dance is being played out and is critical to the long term outcome for Avz . I really don’t want to elaborate but it really is mine development within a strategic political business game . There are about 5 key scenarios or dances being played out but you have to read these for yourselves . This is a lot more than milestones and tick boxes - it’s political as well as well as all the normal developmental challenges . compare it to trying to develop a cattle station on the surrengetti .