@mallis prior post refers to 1st 8m being taken by FMR and then...

@mallis prior post refers to 1st 8m being taken by FMR and then 20% of revenue going to gsr thereafter.

gsr didnt achieve 8m revenue and jv will cease on the final toll treatment of 20kt.

so a big assumption here. Gsr get no revenue whatsoever from 100kt of ore. It does get 2 new stope levels.

I have to assume as Gsr does not explain the outcome of the jv.

Hi @Freddieflintoff. If material (in absence of any financial information this is) the auditors should have raised this before signing. I can email them but would not expect any answers as accounts are signed. Maybe a clarity ann from gsr would be good as the mine asset has increased by $6.8m IMO.

I misread the original ann as refered to as i too thought it was a 50/50 jv and full sharing.