Regarding Kodal, they have Suay Chin as a strategic partner (20%). Upon full permit status (ML submitted January) then OTA converted to BOA with forward payment to fund construction. At present only a 8.5yr mine life with 2Mtpa throughput (220Ktpa output). Post tax NPV $200m but zero cash in bank, Kodal broke the news of our MOU so let's see if their next Ann can justify todays price action.
