Will BML build a mine, page-12

Watchfulbull

Thanks for the well reasoned contribution to discussion it’s much appreciated.

Agree that financiers would be looking for a decent buffer to their investment and BML did say that they had found the current lending environment challenging. Hence their focus on improving the economics and early cash flow. I also tend to think that the 8.5 year mine life would be problematic for NAÏF or any lender for that matter hence BML focussing on increasing reserves.

Yes I agree that our JV partners taking more than their 25% of Offtake in exchange for some additional financing is a likely scenario. Better than selling down equity in the project at this stage.

Drilling at Manbarrum would have to be aimed at proving up new resources not just confirming previously defined resources to be exciting! The Keep prospect is exciting.

H