re: Ann: Revised terms agreed with ENAMCO for... Oh dear, you don't know what you are talking about.
The Eritrean government last year agreed to pay the option for an extra 30% stake in the KOKA gold mine, set by independent valuers in conjunction with CHN management. The value was placed at $34 million which both parties have since accepted.
$34 million is such a small sum of money compared to the money that the 30% stake will generate over the $1.2 billion in revenue from the gold mine!
That 30% stake is worth at least $300 million over the mine's life!!!
The sale of the 60% stake to SFECO is conditional on ENEMCO paying $34 million for the 30% stake.
Ann: Revised terms agreed with ENAMCO for sale of, page-27
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