It was always going to happen this way IMO. The Eritreans Gov had CHN over a barrel as they still needed permit etc.
Hopefully now this means that the road blocks will be removed and management can get on with bringing the resource into production.
60% of 100,000 ounces per year is better than 90% of 0 ounces per year. Plus at least now we now have a large portion of upcoming of our capex covered and can probably get debt finance for the remainder (assuming no GFC 2).
chalice and enamco reach agreement, page-5
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