Mr. Black got cheaper loan?More news MoneyToday 5-8-2017 Partial Google translation
Almonty expects the capital investment cost (CAPEX) necessary for redevelopment of Sangdong mine to be less than 80 billion won.
It is estimated that 15 billion won will be needed for infrastructure construction such as underground construction, 40 billion won for tungsten processing equipment and construction costs, and 20 billion won for construction costs for telecommunication and design & permits.
An official at the Korea Development Bank said, "We have reviewed the Sangdong mine redevelopment PF loan until recently, but the consultation has been stopped for various reasons." It seems that Almonti is trying to attract lower-interest funds from other financial institutions. "
------------------------------------------------------------------------------------------------------------------
We got more money than CAPEX. Black is a capable and hard working CEO. Hooray!!
GLTA