So what are everyone's thoughts on what the final payment from Toyota Tsusho will be when(if) KAS complete the DFS by the end of Q4 2013?
I guess the central question is what the DFS NPV will be? i thought i read in some broker reports around the $150Mil with potential upside if they scale it up from processing 1Mtpa to 1.5Mtpa of ore which looks possible.
The Final Payment will be calculated as the lesser of either:
a. (20% - Toyota Tsusho’s Nominal Project %) x DFS NPV; or
b. 20% of DFS NPV – AU$15,000,000.
Toyota Tsusho’s Nominal Project % = Approximately 4% (subject to AU$ / US$ exchange rate fluctuation) plus AU$11,000,000 / US$ PFS NPV%
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