RE: Funding26 May 2020 09:53
RNS today suggests the funding will be forthcoming and hopefully will be confirmed in June. Mining should commence in 2020 with gold production in Q1 2021. Not too long to wait!
One stand out factor is that costs for BMV share (50%) are only about $1.2m. Also there are a range of subsidies related to mine support, water discharge, monitoring and safety equipment. In addition to all the subsidies which range from 40-60 percent of direct costs, there is substantial assistance offered for environmental initiatives. News on that should come in good time.
One plus for me is the stability of the SP. With not much volatility I am more relaxed about holding and waiting having increased holdings in recent weeks.