Platreef financing IVN news from 01 November 2017
On July 19,2017 ,IVN mines announced the appointment of 2 leading mine financing institutions,in addition to the 3 leading financial institutions appointed earlier this year,to arrange project financing for the development of Platreef project. The 5 mandated lead arrangers will make best efforts to arrange a total of approximately $1 billion US for the development of Platreef first phase plans, 4 MTPA mine. Preliminary expressions of interest now have been received for approximately 900 million US.
we are considering a shaft #1 smaller scale ....therefore we won't need to finance nowhere close what was first thought when we were considering a 2 shaft development. Money is not an issue ...either way RF is showing his strong hand as we will never see any production...we will be bought out ....show me the money...between 01 December 2020 and third quarter of 2021...
show me the money