RE: Ghaghoo Diamond Mine (a ticking time bomb) - #125 Aug 2021 15:06
From the outside looking in it does appear to be a risky undertaking, especially as Vast have so far failed to gain traditional debt funding for their existing projects. I know Botswana is a different jurisdiction and it has been claimed there are potential funders in place, however in the interviews I heard HNWI being mentioned.. that would normally mean placings and not loans in my opinion and understanding of how individuals would provide funding. Botswana Diamonds on the other hand appear to be the company with the experience and know how, given they will initially be running the start up of mine and they have no requirement to fund unless they choose to if\once the mine is bearing fruit or rather diamonds. In my mind they would seem to be the more appealing option, although if the mine is a success then of course Vast would do very well... two varying levels of risk and reward which seems pretty unique fat this stage for the one resource, outwith oilers