AQJ 0.00% 20.0¢ aus asia minerals limited

feb indo coal prices continue to increase, page-2

  1. 525 Posts.
    no interest of late...

    What I am worried about is the % of royalties they get form the ops in Indo, which are all managed by their partner in Indo.

    I recall reading somewhere this was 3%, is that correct? Their updates never mention it, and are read like it's them doing all the delelopment or exporting, even though they don't spend a penny, are only get a very small royalty.

    If so, that means that would be entitled to 3% of 30000mt, for the last shipment, and 3% of expected monthly export.

    so at say $75 per mt, thats about $67K for last shipment and about $113K per month going forward.

    This seems like very little to keep them running.

    Am I missing something?
    Thanks

 
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