Whats the signal?, page-12

Hi squidd.

I tend to disagree about it not being a Major de-risking event for SDL. Stage one is Funding for Rail & Port. SDL and Cameroon Government have said Infrastructure Funding will need Mines Funding to be able to go ahead with Rail & Port. If Rail & Port are signed off, I believe the Cameroon Government will be sure of the Mines being Funded, in my Opinion.
I believe the Funding of Mines is already worked out and is just waiting on the Infrastructure for Rail & Port to be finalised.
SDL have said that Wafin are prepared to go ahead with helping funding if needed for the Mines.
I believe once Infrastructure is announced to be funded, it will be certain for the Mines to be funded.

Regards
Westcott.