60% local ownership requirements by Philippines, page-4

Thanks Gentrax. From that document you linked:
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Based on the abovementioned commodity prices as at 21 August 2020, the direct shipping operation alone, which is estimated in the Feasibility Study to require capital in the order of US$20 million, would generate net cashflow after taxes in the first 12 months of operation of in excess of US$100 million.
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So assuming the phase one DSO generates US$100 million in net cash flow. What percentage of this cash flow will go to RTG ? Hopefully it is more than 40% since they have been paying most or all of the legal and other expenses I think.