Sweet deal for MRL
Indonesian co PT SEA to pay all construction costs $20 million approximately for 51% stake in the project
project has a NPV $131 million
If project goes to plan if I have read the DFS properly
we basically we get approximately $65 million clip on that project through the life of the mine not a bad free carry !!$$
and they want to be a MRL Shareholder taking a 9.9% stake at .22 cents as they can see the incredible value here with the cement and lime project
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Ann: Funding for Orokolo Bay Project and $7.3 million Placement, page-2
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