core mining - avima mining permit granted, page-4

shares007, Core got the permit without Hanlong because they would have shown that they will be able to finance their CAPEX themselves. Core don't need to provide funding for 500km of railway and a new port. As per the Mbalam Convention, they will be able to access the infrastructure via commercial third party tariffs and have a signed MOU with SDL talking about this. Core will need to be able to fund the mine, a small amount of rail, and possibly some port extensions. It'll be a far smaller CAPEX than SDL, and Core also has some well to do friends on their private register. Sundance could never fund it's CAPEX by itself so therefore needed to show how it would do that before receiving the Conventions and Permits. Simple really.