RWD reward minerals ltd

pattyp, page-30

  1. 37,911 Posts.
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    PattyP

    if potash evaporation ponds are built on LD and the development is 100% debt financed, the Martu will be the beneficial owners of 15% of the project

    if the project is 60% debt financed & Martu choose to not take up shares in any capital raising, they may be beneficial owners of 10% of the project

    we are not discussing here a fight by an Indigenous group or by an environment group or by any group (such as the Franklin River campaign)

    the Martu have entered into a historic precedential commercial agreement in a mining project where they may own 10% to 15% of the commercial returns

    the Martu reps are leading the way for Indigenous Australians in terms of asserting their rights as the traditional custodians of the land

    regards

 
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