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
TMT Chart, page-16
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