RE: Tulu Kapi Project Economics5 Nov 2024 11:24
Ben Grahame had someone ramping Amur minerals for years some years back on a previous kefi thread they are totally different animals the problem with Amur is it was in Russia Putins gangster state where you have to have a “roof” to get anything done and people who upset the wrong person have a habit of falling out of windows. Plus Russia had been on the outs with the west for a couple of decades. Also already has a huge natural resource sector so does not need western investment into it necessarily.
Ethiopia needs its mining sector developed and has been changing the law to make it easier and is friendly to the west also is opening up its economy a well including a new stock exchange that it likely want Kefi to list on.
If there is anything ludicrous here its the disparity between the present shareprice and what it should be compared to the underlying assets.