RE: Jeff Raynor30 Apr 2026 08:56
"This is targeted to be GMCO's first development, to hopefully be triggered in 2026. The DFS is currently under third party review for GMCO Board consideration and refinement of strategy and plans over coming months."(Months)
"A Mining Licence Application has been lodged. Accordingly, GMCO is advancing the relevant workstreams to address its Final Investment Decision ("FID") on the Project."
(Still weighing things up)
"Fair market value' of its 13% holding...
..total of 16 gold and base metal exploration licences have been secured so far for GMCO,"
Still not made the obvious move to trade most of those areas to Artar get a bigger percentage of the remaining areas.
"Going forward beyond the initiation phase, the Saudi projects and other non-Tulu Kapi initiatives will be funded independently of the Tulu Kapi project financing"
So kefi expected to fund or dilute during the initiation phase.
Best bit of RNS is seeing Jeff Rayner back clearly the whole Saudi side has been allowed to drift when it needed someone to push and unlock the real value there.