Yes a very large component would have been the GOVT. RIO would have to been satisfied around Govt regulations - mining bill and had a great deal of discussion with the GOVT. Another very large de-risking event - Malawi gov would want this mine development operational asap - the revenue will be exceptional for Malawi along with employment - infrastructure - logistics. I would like to see processing on site in PFS - not to concentrate only - what scale initial production will be key - but they mentioned one of largest rutile production mines! and simple processing aided hugely by the saprolite hosted ground and resource at surface - low strip ratios.
The PFS GBE released a few years ago (now changed) was incredibly low CAPEX/OPEX -
No surprise that RIO acted relatively soon after GBE were awarded their critical "Mine Development Agreement".
Yes a very large component would have been the GOVT. RIO would...
Add SVM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
53.5¢ |
Change
0.025(4.90%) |
Mkt cap ! $301.2M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 53.5¢ | 51.5¢ | $241.6K | 464.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 78794 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 120000 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
53.0¢ |
Change
0.025 ( 2.91 %) |
||||
| Open | High | Low | Volume | ||
| 51.5¢ | 53.5¢ | 51.5¢ | 91431 | ||
| Last updated 15.54pm 10/05/2024 ? | |||||
| SVM (ASX) Chart |