Be very interested in how the tenor is "worked" out.
SPM states (31/3/11) 3.2B/t @ 2.5% tenor while TNG 150M/t @ 1.1% tenor.
TNG investor pres (6/5/11) states SPM 900M/t @ 1.4% tenor and TNG new target 700M/t @ 1.9% tenor.
Can anyone shed any light on the difference in tenor %. Is there any way of verifying any of these figures?
Cheers
spm vs american vanadium corp, page-5
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