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Ann: Royalty over Tanzania gold exploration assets, page-4

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  1. 3,772 Posts.
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    Beg to disagree, There is no way it could finance the Longonjo Capex ! Miyabi won't even be in production till 2022 at which time Longonjo will already be built and operating ~ besides which Longonjo is already basically financed.

    Tanzania has just screwed Barrick into a free carried 50/50 profit sharing deal. The Government/President is now holding out on issuing PEK with a Mining Licence ie they want a bigger cut !.

    As I mentioned earlier, If we want a Gold mine, there is one just over the hill, no need to make life harder than it already is.
 
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