Premier African Minerals Forum

For those confused; The bridge facility is the $250,000 announced today, that is repayable to George on completion of the main financing (So probably in the next couple ot weeks). The larger loan ($766k) will be repaid to George after ALL OTHER DEBT has been paid off. The terms that George has offered the loan on are great at what amounts to 3.5% - A mining project would never get senior debt financing at that rate, let alone a bridging loan! Finally George has the option to convert those loans into shares.

To the poster who is rating mining stocks by averaging the sectors SP and comparing individual stocks SP against this average - please, just stop!

*1500 Metres that is

Danakil is certainly an interesting project, shallow Potash deposits are a rare beast, with most mines operating in the 1000m-2000m depth horizon. Solution mining would make it one of the lowest cost producers in the world as well has having an extremely low Capex - in comparison with Sirius Minerals' York Potash Project (In North Yorkshire), which if it goes ahead will be nearly 1500 deep, with a Capital expenditure of £4 Billion! and much higher OPEX costs than a solution mine in Ethiopia.

Sorry meant EyeGuy's

Re Ives new board, I tried and got no result.

are we off to the races today?

Cant buy any this morning

Dan get on with your work or I will tell Gethin

off and running