RE: RE : Just personal thoughts - DYOR13 Dec 2023 22:58
1. An investment company but with a Geologist that defined the resource and got it through testing and economic studies....
2. Building out the team to do the tasks they are fit for was always the plan.....Remind me again whom they toook on as a constultant recently?...An accountant?....note that is sarcasm....
3. When you build for 18-24months ahead, you plan on demand that far ahead, you do not start to build after the fact. The plan should be to finish not long after BKT build is complete, not wait until everything (infrastructure) is built, the fact they would be financed is all you need as confirmation. In fact the Gov are completely onside on getting the infrastructure built, they are planning on a graphite district. Just go and look at the Cadastre and the number of new licence areas all around the original areas. BKT build is longer than ACP, ACP can catch up to an extent.
4. Dilution is based on value of company at the time but should be deemed small compared to multiple other projects because the actual capex for this project is peanuts compared with many projects. Dilution equity for capex is a given in what 99% of all projects. I'd rather be looking at $60m capex than $225m.....
5. In regards to your point 1. seriously verging on libel here Dan! Until the slow down of Covid/wars and sensible decision to move the project fwd post improved infrastructure plus improved market, the project was taken from patch of earth to drilled out to DFS stage, think that is called work and has been paid peanuts compared to not only his holding but other AIM directors.
6. in regards to your point 3. isn't that how all companies get to mining?
7. The docs were passed over, but given the slowness of Tanz getting their first deals sorted I doubt they have the capacity (given this is all new for them) to take on endless agreements without any progress on the first ones. In Mahenge region they are 100% focused on getting BKT over the line and are competely supportive of the infrastructure build out. Only this year Ecograf got their deal and they were negotiating long before BKT were but not seen as the lead project in the area. I expect further deals to take place once BKT is financed and starting to build, because Tanz Gov will then want the next companies in line to get going behind them. There is no other resource proved up in the region other than ACP.
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