KLL moved to the due Dilligence phase of NAIF in September 2018 and had an approved loan by FEB 2019 so about a 5 month process
TMT moved to due Dilligence phase in October so a decision is well and truly overdue. I suspect delays due to the corona virus crisis which has been understandable.
I think any NAIF approval will be for infrastructure and be conditional based on TMT being able to secure the remaining BOAs and finance.
but still conditional approval for 50-60 mill finance when ur a 18 million market cap company would be a very big vote of confidence from the government in our project and another piece of the puzzle coming together. the chances of this going mining increasing by the day
