g’day @TraderRR
LRC have paid $8.125mil for 2.5% of gross revenue (royalty).
DFS has revenue at $501mil, so LRC will receive about $12.5mil based on current reserve tonnage (reserve and overall tonnage is expected to increase quite a bit more from current and upcoming drilling programs).
A great show of confidence from LRC that we will be producing and that tonnage will increase significantly.
also of note is one of the directors of LRC also happens to be the managing director of Altura. Altura just signed an offtake agreement with Shandong Ruifu, who is currently our non-binding offtake partner. The advisors behind the LRC CXO royalty deal are the same ones who scored Altura their US$110mil finance package
Ann: Quarterly Activities and Cashflow Report 30 June 2019, page-27
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Last
11.8¢ |
Change
-0.003(2.08%) |
Mkt cap ! $251.8M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $376.7K | 3.135M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
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