“$4.20 per pound over any continuous six month period starting from the first day of commercial production at the mine through to 36 months after the this date”
MLX are claiming ‘commercial production’ commenced Jan 16, 2018 - so contingent payment applicable to 36 months post this period. I’m not sure of the background of Gunpowder and when they hit “commercial production”
MLX Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
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