SFX 3.23% 30.0¢ sheffield resources limited

Opportunity knocking, page-19

  1. 2ic
    5,923 Posts.
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    Sorry but the point is we are selling a large share of the mine all at once. If we selll 30% for $100M then shareholders have 70% of the 40 year mine life. If we sell 50% for $100M we have sold 50% of the mine etc. Whatever deal Bruce gets over the line will have huge ramifications for SFX regards how much of the mine shareholders have kept for themselves.
 
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