Moin,
really Macquarie?
The assumption in the DFS is based on 3 % royalities. What else? It is the regular royality rate in Argentina and without an export licence, which was a long way off at the time of the DFS, it is difficult to assume a different percentage.Strange point of view.
Conversely, if a dubious export surcharge had been included, higher sales prices would have had to be calculated at the same time.What should a DFS have looked like with such a crystal-ball estimate?JP and DJ have pointed out several times in the past that plan A is to obtain an export licence and that higher fees are charged for this like the Australian model.
Apparently Macquarie was only expecting an additional 1.5%, which I think was unrealistic, and is now apparently highly surprised that it is now an incredible, exorbitant 2.5% more? Disaster!
A question for the experts here:What is the additional charge for spodume export in Australia?
Ann: Galan Signs Pivotal Commercial Agreement with Catamarca Govt, page-114
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