too long, page-4

Hi sandrar40, we know the EPC short list is down to 2 camps (it is probable that there were only 2 in the beginning: China SOE and that European infrastructure company).

We know from GC/GJ that both have a technically sound solution and by the sound of things the European mob has in the past built bigger and better things (impressive !)

The Euro EPC BOOT solution (IMO) is one for when and if NON-China interests (european or not) secure either a majority or wholly the asset of Mbalam-Nabeba. The stuff that SDL hasn't told us are the asset suitors in terms of identity and numbers.

The bankable offtake determines the secured funding for the EPC. Asset ownership determines who get the offtake.

So until the asset equity deal is finalized, there will be no news on the EPC front I suppose.