Originally posted by Wilma85
This article helps put in perspective the complexity of the issues that any new mining project has to overcome in order to develop their project. It also explains why no new project has secured funding.
If we didn’t have KfW negotiating on our behalf I would walk away this project or KNL altogether (although perhaps the enormous potential of EcoGraf on its own would convince me to stay invested), it is just too difficult trying navigate through the issues the Regulations present and deal with a Mining Commission that is inefficient.
I agree. I would have walked away without KfW Bank, but probably returned with the EcoGraf development. It has quickly become the bolting horse in the Kibaran race for most valuable assets.
I am like a kid awaiting Christmas (5/12 - updated figures/report) because I am hoping we will get concrete clarification on who our partner is, and how much they are handing over!