Gold US$2000/oz.
Production say 4000oz per month, or 9000oz with 2 plants and Quartz.
9000oz*$2000=$18m revenue per month.
0.75% royalty = $135k per month = $1.6m PA. (once reaching full production)
This being on a $10.5-11.5m loan. So up to 15% PA extra on top of the other rates, fees and charges? Makes the Lotus Hall short term debt look cheap...
Ann: Debt Facility, page-14
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