The Investment Bank orchestrate the Due Diligence but will do...

The Investment Bank orchestrate the Due Diligence but will do most of it with independent specialist consultants to identify and analyse the project risks and mitigate those risks.  

When all the relevant reports and submissions have been compiled and completed, it will no doubt be run past their investment review committee.

Clearly Tanzania and the recent legislation changes are not a RED LINE for the Investment Bank as they would not be this far down the road with their Due Diligence.

This Investment Bank is obviously aware of the Legislation changes and still working on the DD.  

Unlike other financiers I and others have interacted with, their mandates have RED LINES that they simply can not and will not be able to cross or they know full well that their investment review committee will not approve.

Investment Bank will unlikely have all the required knowledge and understandings of the project and that of the complexities of Expandable Graphite so they require independent consultants.​

They are engaged to identify, analyse, assess and mitigate any perceived risks.

AM has always stated that WKT will only be completing a DFS and will not be doing an expensive and time consuming BFS.​

One way or another WKT will get funded as that's the beauty of having a HIGH Grade LOW Capex.

The strong project economics with her high grade deposit and all the milestones achieved to date certainly will ensure she does.

From my network of discussions over the past few months and now with the overall market turbulence, I certainly wouldn't like to be ANY project that is not able to stand out today at all.

More so especially those with LOW Grades and HIGH Capex that do not have adequate project financial robustness, as the viability risks IMO will unfortunately create even further stress to their financial modelling.