RE: Kodal like17 Apr 2023 19:09
Sebo, the key thing here is underpinned by assets, once we own 49% of the lithium play, the other 51% is replaced with hard cash, of which we own 49%.
Kodal will have around 23 million cash in it, of which we own 100%, Hainan will have 14% of that obviously as they are buying in, we may have a further 2m from West Bougouni, I am not sure, but think that will go to Kodal directly and not our lithium subsidiary company.
Then of course we should get our first maiden gold valuation this year.
At this point we will know at least 80% of that current value.
If Hainan decide to go JV on our first goldfield too, then it will be a similar repeat of our lithium play.
More cash in from Hainan into a gold subsidiary.