I may have this wrong but,
BT receive $18mil from BRL for the fleet, capital gain to BT mining. BRL own 65% of BT mining so they get back 65% of the $18mil paid.
Currently BT mining owns and operates the fleet. When it becomes owner operator the contractors use their own equipment and charge BT mining a contract fee. ie Contract Mining.
For the Denniston project ie Whareatea, Escarpment etc they will need more equipment. Why not pay a depreciated cost for a fleet.
Ann: Development of new resource at Rotowaro mine, page-5
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