re: 2m at 2.5c is a big order upwards Also believe that to be true Mr Sism.
49% Pacific Hydro , 17% Carnegie, 17% Burns, 17% Sea power p/l
PHY have rights to units over 5MW. Carnegie (+ others I presume) will earn royalties from larger units plus retain rights for smaller units less then 5MW for all areas of the world south of 10 degrees North latitude.
The good part is that Pacific Hydro has funded most of the project to earn this interest. Project must have something going for it as PHY would have done due dillegence.
So if it works it could be huge (even 17%) and if not no massive ongoing $$$ commitment from Carnegie. So little risk financially if I am reading it correctly.
With the current cash and PDX holding the Wave Tech asset and Gambian mine are just bonuses at these prices.
Doh
CNM
carnegie corporation limited
