kaboko mining concludes us$3 million debt faci, page-49

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I would not put to much faith in "selected" Mg samples.

There has only been three lab tests.

One in 2011 of two 1kg grab samples.
The 2/3 after a 2000ton production blast test and "hand packed 1 ton bags were sent to China.

Which 510 ton only ever saw the light of day. Despite an off take with Sino not one piece of Lump ore has been shipped out side of the samples. Despite KAB been very short of cash.
So the remainder of the 1490 tons either does not suit the story or a complete lack of management to get this ore to Sino.
I know which one I believe, and if you look at the historical drilling data in a number of "Q"s in the Chowa maps. The answer is very clear.

You also might want to note that these samples came from the Chowa pit. Which now has been abandoned after the Geo report which you will find in the Oct 31 "Q".

The move to the Peco pit which has grades of only around 40%. Again I highly recommend you read the Geo report on this pit. Complex with swamps very close by in a country with a 4 month wet season.

You also might want to take on board the 26.3km bush track that will need to by upgraded to except heavy truck.

Or that if/when they get the remaining $3m. They will not receive the remainder of the Noble loan until 5 "Q"s of delivery.
(20 months)

If you want to base your investment purely on big names. Have a good look at CCC. Another Brewer stock. See how that worked out for them.

Over promises. Missed dead lines and dilution is what you can expect.
Just this licence is near 2 month late.

FA is not how to play this. imo.

All my opinion.
Please DYOR, as not doing so could cost you.