TGS 0.00% 4.9¢ tiger resources limited

payments to third parties, page-10

  1. 7 Posts.
    ok I will do my homework
    but your numbers do not exactly match with the information
    published in 2006 ? is this the agreement which you refer to
    quote
    In the event that the BFS delineates a copper reser
    ve (measured in accordance with the JORC Code)
    within the Project Area in excess of 350,000 tonnes,
    the joint venture must pay additional consideration
    equal to US$2.75 million for each additional 50,000 tonn
    es. In addition to royalties payable to the DRC
    Government, a further royalty obligation exists under c
    ontract - 2% of the value of Specified Minerals
    produced from within the Project Area and a further
    2% of the net sale proceeds of that production
    The joint venture may also be able to acquire a further 20% interest in the Kipoi project for further
    consideration of US$12 million but there is no certainty th
    at this additional interest will be offered to the
    joint venture.
    anyhow: but even if I take your numbers I do not come to a payment of 30 Mio in 2013
    please correct me if I wrong or stupid
 
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