RE: Blackrock26 Dec 2020 23:40
I suspect we will follow a similar route to BlackRock Mining and that when it comes to finance the TIB Development Bank will again be involved. With the resources so close together, I expect the companies to share use of the infrastructure. 2021 will see Armadale develop Mahenge as BlackRock have done in 2020. No reason not to expect the SP to reflect this in a much higher mcap as the year progresses, firstly with the mining licence, secondly with the update on the quality of the graphite, thirdly the EPC agreement and fourthly with finalised offtake agreements and then draft finance agreements, not necessarily in that order.