I have seen such values used to value other projects.
I wonder does IOP have the farmin as a % of the 'project'.
which spans farms or parts thereof but could be one right?
I read that Prospecting/mining rights cannot be ceded, transferred,let, sublet,assigned,alienated, or otherwise disposed of without written consent of the Minister.
see page 23 here again from godknows...
http://www.jse.co.za/Libraries/JSE_-_Documents_and_Statistics_-_CPR_-_Village_Main/Independent_Competent_Person_Report.sflb.ashx
HOWEVER there has be talk in news articles of changing regulations .... so rights can be divided....right?
So negotiations must have to take so much into consideration and comply with many regulations and perhaps consider new ones...and bee requirements, etc...
Words/jargon like rights,farmin, royalties, jvs,pooling and sharing projects/jvs?.....so many things retail shareholders could get a bit lost with,imlo.
i could be picturing the project..instead of a farm or a right... i dont have a lot of difinative information really.
i dont know much but still have hope that others do know what they are doing and the pieces of a jigsaw are finally being put on the table... to be put together..
WHY not let the N farms go? says KIWI
The combinations and permutations are so many with these farms how can you just lop of an area?
What prospecting right might it fall into IF IF they could be divided or tacked onto other areas??
atm you cant divide a right...imo.
letting a farm go is useless unless it gets a mining right of its own...
KIWI ... you know all this.
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