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
TGS Price at posting:
37.5¢ Sentiment: None Disclosure: Not Held