Hi It's, BKT also have a SML, they rec'd theirs before EGR. Funny thing is, I think their project is waiting on TANESCO committing to build a power line from the new Ifarkara substation to Mahenge, which BKT have agreed to fund to tune of $33m or something. They seem to have a lot of funding sorted for mine and commitments from POSCO to take equity as well as off takes, though all needs to come together in a total package.
On that power line to Mahenge, I think EGR also needs that as we then extend from Mahenge to our mine site, as I posted a few weeks ago.
So yeh their share price is interesting.
EGR Price at posting:
29.5¢ Sentiment: None Disclosure: Held
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