This due diligence and finance selection is taking a lot longer...

This due diligence and finance selection is taking a lot longer than expected. Been two months now and crickets. Given they been talking to financiers since last year the 3 latecomers should have to work at a pace to catch up.

They are rapidly closing on 12 months since they announced the toll treatment agreement 21st October.

Whilst I don't believe anyone would slowly stockpile at 6000 tons per month to wait to get to 30000 tons before they start trucking to Sibanye particularly if they expect to be doing 15000 tons per month from "go live" regardless we are looking at ramping to 15kt/m so 3-4 months stockpiling plus 4-6 weeks mobilisation be early November. So we will be lucky to scrape first gold bar pour into Q1 next year.

Any loans would be better off variable imo and or at least in USD as inflation should be easing guessing though maybe it will be a gold hedge with a margin taken off to repay debt.