buys carrapateena , page-18

hi ya Daza We maybe be both wrong ?
$250m now and $75m when prod starts maybe 6 yrs away. Still a steal, IMO.

So 25 mill more on top of what you are saying,($325m, full price) but what 25 mill among friends lol.


"Offer consideration
The acquisition consideration is as follows:

. US$10m refundable deposit paid today on signing of a Sale and Purchase Agreement (SPA).

. US$240m on transfer of all licences and shares in RMG to OZ Minerals (anticipated to be one to
two months from signing the SPA).
Following this, two further payments will be made to the vendors upon commercial production being reached:

. US$50m on first commercial production of either copper, uranium, gold or silver.

. US$25m on first commercial production of rare earths, iron or any other commodity.
Funding for the US$250 million will come from OZ Minerals� current cash resources, which includes US$ denominated funds. Payment of these amounts neither impacts our previously recommended capital initiatives nor the ability to undertake additional business development initiatives. "