kaboko mining concludes us$3 million debt faci, page-128

Appreciate your knowledge Kiwi67 on this topic. I am no mean to spot on with the dmtu price but tried to see the significant of the $/t ore. It is still close to the $250/t with $5.49dmtu and far above the $115/t transport cost. The high concentration ore on or near surface would be quite certain economic unless dmtu goes too low.

KAB shareholders have limited liability. They dont have to pay the company debt. If the Kab asset has too much problems that Noble potentially cant get their money back, no loan deal would happen., Noble would know with their DD. the only way Noble can get their loan paid is through the KAB manganese as KAB has no other significant asset. I would trust Noble and EIM research on KAB manganese when at this stage it has no JORC and a mining study. If the $3m loan goes through and two Noble directors on board, the train is leaving.