ME01 - You are right. The current nameplate on the mine is 57mt pa and DRR receives $1m per additional tonne. BHP have stated that they are increasing that to 145Mtp. So at full capacity, BHP will have paid us one-off payments amounting to $88m. (Say over the next 18-24mths).
I think it will be paid in line with ramp up but not 100%. Someone else may have better info.
We will then be eligble for the 1.232% of the Aus $ quarterly FOB revenue. I think the moisture loss at mine has been running at 6-7%. Even at normalised prices ($85/t USD) I get to 4/5% div yield per annum pre franking. Seems pretty solid.
Ann: BHP Announces First Production at South Flank, page-20
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Last
$4.08 |
Change
-0.075(1.81%) |
Mkt cap ! $2.141B | |||
| Open | High | Low | Value | Volume |
| $4.17 | $4.18 | $3.99 | $16.81M | 4.132M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 59 | 12213 | $4.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $4.08 | 30772 | 32 |
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| Last trade - 14.25pm 17/06/2024 (20 minute delay) ? |
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Last
$4.06 |
Change
-0.075 ( 2.36 %) |
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| Open | High | Low | Volume | ||
| $4.18 | $4.18 | $4.00 | 992184 | ||
| Last updated 14.45pm 17/06/2024 ? | |||||
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