Of additional interest - why would you include performance hurdles such as these which have obviously been derived through extensive discussions ........if you didn't reckon they would be achievable . Especially in light of the fact that the BOD expects a Bankable Feasibility Study to be in place within the next 6 MONTHS !
So on a very very quick and rough calculation , and assuming the OB's get up in full - on a ' fully diluted basis ' allowing ONLY for the conversion of the OB's ( no conversion of directors options or OC's ) - the 10 day VWAP would have to be in the order of at the very least 1.2 cents for the OB's to get over the line . This would then amount to 83,333,333 shares being issued to to Terrativa for their intial $1 million payment.
From there is we assume the company gets through and holds the $50 million marker - this would amount to $1.4 million ( assuming they take up their options via shares ) being issued at approximately 1.8 cents a share for another 77,777,778 shares being issued . Then if the company meets its second market of $100 million Market Capitalisation , and even allowing for the conversion of the 200,000,000 OC's at 1.2 , there is another approximate 50,000,000 shares to be issued under the additional $1.4 million being then issued at the approximate VWAP of 2.8 cents. So after all of this , we only have another significant and potential Top 20 shareholder with Terrativa holding approximately 211,111,111 shares or 5 % of the shares on issue.
So do these potential new shares come as a trade off of the Performance Rights which were issued on 5 September 2017 and which are held by Terrativa Mineraise SA which were signed under the terms of the Company's Agreement with same signed in December 2016 in relation to the acquisition of 100% of the Para Exploration Package in Brazil Pebas Copper Gold Project ......which include the 30 million under Tranche A , 30 million under Tranche B , and a further 30 million under Tranche C
So we could be into them for another potential 90,000,000 shares issued for all this as well. Irrespective of this point , the BOD appears to still have the ' Wild Card ' in holding this package ( the Pebas Copper Gold Project ) , and looks well placed with the total of an additional well healed amount of a further 255,000,000 unlisted shares and options with varying strike prices and expiry dates on top of all this.
So the reality of course is NOBODY and I mean nobody actually gets paid until all these projects actually come good. So for ALL parties concerned it is definitely building into interesting times to say the least ........and obviously not just for retail holders who might want to finally get paid out from all of this........ 
Further, Terrativa will be entitled to two bonus payments contingent on the following milestones being met:
a) If during the 36-month period after Closing, Centaurus’ market capitalisation exceeds A$50 million for 90 days in any 6-month period, Centaurus will pay Terrativa $1.25 million in cash (or A$1.4 million in Centaurus shares should Terrativa elect). If Terrativa elects to take the payment in shares, the shares will be issued as soon as the milestone is achieved. The issue price of the shares will be the 10-day VWAP immediately prior to the achievement of the milestone. If Terrativa elects to take the payment in cash, the payment will be made 60 days after the milestone is achieved but no earlier than 12 months after Closing.
b) If during the 36-month period after Closing, Centaurus’ market capitalisation exceeds A$100 million for 90 days in any 6-month period, Centaurus will pay Terrativa a further $1.25 million in cash (or A$1.4 million in Centaurus shares should Terrativa elect). If Terrativa elects to take the payment in shares, the shares will be issued as soon as the milestone is achieved. The issue price of the shares will be the 10-day VWAP immediately prior to the achievement of the milestone. If Terrativa elects to take the payment in cash, the payment will be made 60 days after the milestone is achieved but no earlier than 12 months after Closing.
(20min delay)