RE:RE:RE:Rufus Are You Referring to EDV & TGM Approved Acq.? Below:Is there even a PFS for Liguidi yet?
I expect the sequence will be:
- Hounde (200koz+ p.a. project), DFS complete, fully permitted, construction started
- Ity CIL: DFS to be completed this summer, construction may begin late 2017 (also 200koz p.a.)
I'm sure Liguidi will feature high on EDV's explo priority list but, AIUI, much more drilling (leading to a PFS and then a DFS) is needed before permitting can be undertaken & a construction decision can be made. Please correct me if I'm wrong. Doubtless if the results look good, EDV will wish to proceed - and, subject to the gold price, will have plenty of cashflow to fund it (and a dividend, I hope) in due course,
Just with the properties we own now, I can see EDV exceeding 1Moz of production p.a. by 2020, without any more dilution. Lots on management's plate & I look forward to the results of the strategic review of the explo. programme, currently being undertaken.
Cheers,
Mark