Hi Mick, a couple of comments in reply to your post.-once the shallow draft barging is up and running they expect only a week or two a year that they wont be able to barge. They also expect to have this well up and running before the dry season in October November.
-the barges may be 1500t each, (still being determined) and there are 4 or more barges joined to one tug. So 4*1500t per trip.
- the product mix will be all pci until Q3 2019 then coking will be the major focus
- the platinum royalty rates is 1% of cokals share of realised fob price. No royalties for BMA just their profit share.
- the $20m owing will not be used to develop any of BBM if BMA are on board as they will be covering all capex to earn their profit split. Including roads and port.
- they expect a premium for the PCI no washing required.
Yeatesy.
Notes from AGM, page-41
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