Lets talk about GOLD, page-137

Bellcurve,

The below is from BGS announcement dated 28/4/17. The 4 % royalty applies when the gold price exceeds US$1200. It is gross and has nothing to do with " net margin Morila can produce"

"Subject to final title transfer, Morila will make a payment of $1,000,000 to Birimian and pay a royalty of up to 4% of gold produced from the Area of Interest. Feasibility studies and mine permitting are expected to take approximately six months to complete, leading to possible mine development early in the new year. Birimian will provide guidance on expected production when final mine planning has been completed by Morila."


I agree that the board have been slow in communicating what is happening with the gold deal however the review of our gold assets are due and I'm sure we will see an announcement soon in relation to our overall gold situation.

As I've stated previously it is my opinion that the gold assets should be spun out of Birimian to achieve their true value as they are not reflected in our current share price at all. Shareholders that are only interested in Lithium can sell their shares and holders that want exposure to gold can continue to hold.

The spin out of Carawhine from Sheffield is a template imo.

Good luck anyway.