Debt / equity17 Jun 2019 09:49
"Board and Management has been responsible for the study, financing and/or developmentof several
large and diverse mining and exploration projects globally. These include the development oftheNgezi
Platinum Mine, Zimbabwe (Zimplats); Cominco Phosphate (Republic of Congo), Leeuwkop Project,
South Africa (Afplats), Ncondezi Coal (Mozambique) and Talga Resources projects in Sweden. Based
on this experience the board believes that a traditional debt:equity ratio of 70:30 is potentially
achievable for the Project based on the PFS results"
no expert on these matters but that split sounds reasonable to me .