agm summary, page-16

Also issue to be considered in that Olaroz is part of TT JV whereas SG is part of S.A.Salars JV - so may be up for negotiation - eg will TT want to be part of the SG project as well, or part of the SA Salar JV, will Olaroz be building potash section of plant initially, or if it needs to be expanded for SG chemistry, who pays and in what proportion, etc?
Very good point Guild. Have pondered this myself.
will TT want to be providing capital for the Olaroz project if ORE are going to use it to benefit SG? Thats not going to worry TT as it benefits them.
TT will I presume get a 25% equity in ORE which means TT gets a 25% stake in all projects as well as arrange finance through JOGMEC and a major Japanese bank.
The way I see it is the Japanese will provide 60% and whatever additions ORE wants they will pay for over and above the 40% they have to contribute.