Lets put the Chinese Royalty Program into perspective.
Assuming ECT negotiates $1 per tonne in royalties. I would imagine this is the worse case scenario.
If the Chinese produced 10m tonnes of Coldry that makes it $10m in royalties. What if they produce 100m tonnes? Lets not forget the Chinese will need lots of BCE considering they are currently building a power station each week. Coldry will be much cheaper than black coal and easier to source.
It's a no-brainer.
Bring on the DFT ECT. It is the only thing holding us back from realising the potential.
dec 23, page-24
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