so it looks like we are obliged to supply around 275,000 oz gold at around $1900 per oz to quantum.
that represents around $150 million discount on current gold price for 25 million cash provided to date. Great deal for quantum. Who knew gold would go on a huge run so well done quantum I guess. If gold holds up then maybe this will help quantum to raise for tokens at current price and provide further funds. It seems very unlikely that they would walk away from the kind of profit they theoretically have on paper, but no one gains if they dont help get it out the ground?
If they can get gold out the ground then quantum make their profit but that would also mean 523 million for quantum less the 25 mil already paid.
if AISC around $1400 oz then cost to supply quantum gold around $385 million so still 138 million profit for Bez and in theory remaining 2,725 moz still available to be sold at market price, representing 6.6 billion dollars.
so some positives still there it seems. As long as bez have access to real current funds and no problems from quantum playing any games to gain further control. Huge numbers
Ann: December 2023 Contract Note, page-57
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