It is a gross sales royalty agreement so IMO = Price per tonne less the COGS. COGS would include price per tonne to mine + Government costs + transport costs and loading to FOB.
If the COGS are only to the mine gate I would be elated but surprised. Transport is the biggy, though it is not too far by truck, but far enough. I think we are looking at around $1 per tonne royalty. Only a rough estimate.
Ann: Altech finalises kaolin mining rights agreement with Dana, page-14
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