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3.61%

80.0¢ red hawk mining limited

Ann: Non-binding indicative proposal from BBIG, page-65

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wales1

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130

15/12/20

09:52

Post #: 49579951
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Originally posted by PS: ↑

If my interpretation of the BBI proposal is correct they are suggesting they should get a 5% royalty on everything that goes through the port basically in exchange for an undeveloped port and a non existing rail line plus some IP of work they have performed so far. Now 5% royalty to BBI over mine of life is ludicrous given the circumstances.

Let’s do some rough calculations based on a 20yr mine life @50mtpa and an average realised price of say A$100t (the IO price is currently far higher).

20y x 50mtpa x A$100 x 5% =A$5,000,000,000

So a cool $5b for BBI’s investment so far is an outrageous proposition IMO. FMS should tell them where to stick it!

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Independant expert valuation of FMS before BFS 500 to 600 million that was for 40%.if we own 100% that will give us say a valuation of 1BILLION 400 MILLION , to my understanding the tarrif on each ton of ore was to pay for financing the port and rail.PS do you think you do back of envelope calculation.cheers.

FMS Price at posting: $1.19 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 80.0¢		Change -0.030(3.61%)		Mkt cap ! $159.8M

Open	High	Low	Value	Volume
83.0¢	83.0¢	80.0¢	$789	982

Buyers (Bids)

No.	Vol.	Price($)
1	4339	78.0¢

Sellers (Offers)

Price($)	Vol.	No.
80.0¢	127	1

View Market Depth

No.	Vol.	Price($)
1	4339	0.780
1	5000	0.670
1	10000	0.650
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.800	127	1
0.840	9999	1
0.850	10000	1
0.860	47991	2
0.870	10000	1

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