ME01 - You are right. The current nameplate on the mine is 57mt pa and DRR receives $1m per additional tonne. BHP have stated that they are increasing that to 145Mtp. So at full capacity, BHP will have paid us one-off payments amounting to $88m. (Say over the next 18-24mths).
I think it will be paid in line with ramp up but not 100%. Someone else may have better info.
We will then be eligble for the 1.232% of the Aus $ quarterly FOB revenue. I think the moisture loss at mine has been running at 6-7%. Even at normalised prices ($85/t USD) I get to 4/5% div yield per annum pre franking. Seems pretty solid.
Ann: BHP Announces First Production at South Flank, page-20
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Last
$4.01 |
Change
-0.010(0.25%) |
Mkt cap ! $2.119B | |||
| Open | High | Low | Value | Volume |
| $4.00 | $4.02 | $3.93 | $7.324M | 1.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26870 | $4.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.02 | 48080 | 7 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| DRR (ASX) Chart |