As I said previously
- get the offtakes/get the funding/get the license and own the plant/upgrade the plant/commission for production
- start pumping the 12 month Kumi quality assured ore and then extend for another 12 months....2 years of near term cash flow
Some key takeouts for me
- plenty of funding options
Running the joint on a shoe string and this is it...But don't fret as plenty of "funding options"
A. Strategic equity stake...who is it?? Eric Prince or Ronbay or other (airguide working hard)
B. Debt funding and prepaid offtakes with "multiple parties"...hmmm??
C. Advanced negotiations to be concluded this quarter
D. Sale of non-core iron ore asset at top of the cycle makes sense
OFFTAKE = company maker =
1. New ticket code please
2. Rename "DRC clean cobalt producer
3. Biggest dual listing IPO 2019
4. Main LSE and ASX and other??
WHAT CAN WE LOOK FORWARD TO
- OFFTAKE parties
- cornerstone investor
- prospectus approval
- dual listing
- SP on IPO....???
I love IPO's in the EV space...what a story if this gets done
WFE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
