"a 3.2% Gross Smelter Royalty paid to Macquarie Bank Limited (“MBL”),
as part of the original funding MBL advanced PGI 7.5M in return for a 3.2% royalty over the life of the project.
Given the poor project performance MBL will probably only get a 5 or 6 % return on their outlay
Ann: Appendix 4E Unaudited Preliminary Final Report, page-50
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