@rusty33 -yep.
Looks like a win-win for SMR and Peabody. SMR gets an upfront payment for reserves / resource it is unlikely to mine in even in the medium term and a royalty for coal (albeit only at circa USD1.7 per ton) when it is actually mined. I would love to have a look at the transaction model created by each of SMR and Peabody to see what NPV they both assessed the transaction at. Unfortunately, that will remain a secret......
Also hard to imagine BHP entering into a JV as described by the announcement. BHP would do it all them selves (as they virtually have unlimeted resources to do so) rather than look to share infrastructure etc.
Best BSP
NFA, DYOR,GLTAH
Ann: Agreement for sale of the southern area of Wards Well, page-3
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| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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