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Ann: Sandfire To Explore Red Bore, page-11

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    Richmonds 10% was free carried by Thundelarra.

    So Thundelarra would be responsible for 25% (their 15% + richmond 10%)

    Sandfire pay 100% until production though? After that, 25% in excess of initial $1.5million spent, would be REPAID from Thundelarras 15% share of cashflow from production.
 
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