You should contact Venus and let them know that they have a much better deal than they are aware of.
I spoke to Kumul today (gen manager) and he said Venus's development cost by way of a loan from Rox ups up to the time of a decision to mine.
From that point on costs are 30/70. Kumul sees no problem for Venus to fund their 30% Capex.
So Rox will not be paying Venus's share of the Capex.
Kumul also mentioned that Venus has a gold royalty 0.7% I think he said.
Rox's conservative and credible Scoping Study, page-81
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.30M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $49.58K | 351.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 330184 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 478333 | 5 |
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| Last trade - 15.58pm 17/09/2024 (20 minute delay) ? |
| RXL (ASX) Chart |