Hi
@Paperhanger it's really a positive for me to see you posting you are not here without reason. Again thanks for your input I for one appreciate your alternate view never condescending or rude.
"Chiller, I really can't see banks funding any part of the development because there is no compelling economic incentive for the project sponsors to complete the project should things go wrong - "
Commencing this year the board has been committed to wherever possible, expediting every possible milestone This year has delivered •Capital raised •Feasibility studies advanced •Acquisition of Macro Metals •Scoping Study completionIn SummaryWe now have a project of real and increasing value
❑The NPV of the project is presently A$390 Million
❑We have a project of significance to Nigeria
❑We now have a multiple project corporation
❑The market cap of the KFE business has increased . This will further increase soon as the Western Australia projects come online.❑We are maintaining our review of projects that provide nearer term revenue opportunities that will further advance Agbaja.
❑
We have already received interest from financiers to provide project finance to build the steel production plant. ❑We continue to pursue a strategic partner.
❑2022 will be a key year and we will actively promote the business and its projects to the market, and
❑increase Nigerian stakeholder engagement We are pleased with progress and recognise that maintaining this pace will appeal to existing and new shareholders .
Of the various elements of progress achieved this year,it is the delivery of the scoping study that is perhaps the most noteworthy in terms of project realisation While we will go into more detail later in this presentation a few points are worth highlighting at this point
We have a project that is clearly a worthy endeavour on several levels
The Net Present value of the project is estimated already to be A$390 MillionThis valuation puts into clear context our
current market cap of A$17-18Million as representing an under value position for the company given its progress and its future opportunitiesOn the back of the scoping study and NPV being released to the market we are already
responding to early stage interest regarding project finance for the creation of the steel production capability.
That's from the AGM 21/12/21 which was well attended by the way. I don't care where the current SP is at the moment it's all on very low volume and can change very quickly considering the amount of soi 1,317,577,756 and 50% held by the top 30 are they drinking Kool aid ?.
It's the longer term as in the new year I'm looking forward to.
GLAH.
