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Verdant minerals have recieved $160m NAIF indicative term sheet...

  1. 4TW
    37 Posts.
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    03/12/18
    09:54
    Post #: 36725667
    Verdant minerals have recieved $160m NAIF indicative term sheet this morning. They are looking to mine/develop industrial mineral, potash/fertilizer products, and are located in the NT. Still a number of terms to meet to finalise debt but nothing in there about the debt being only for public infrastructure. Another example of why PSD will be within scope for NAIF. They are a $17m market cap company. Looking forward to hearing why they might be eligible for $160m from a $17m market cap position in a far more early stage position, but SFG and PSD won't be from $180m market cap, global offtake partner in place and 'shovel ready'
    SFG Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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