That's quite a great raising by Ballymore - we get $US5 mill (~AUD7.5 mill) and they will receive accelerated payback of $US8.13 from and when gold is produced (at today's price of $2012 US/OZ). Then they retain the 1.25% of gross revenue.
So that says to me there is huge confidence that Dittmer will be a success - And IMO likely to be a massive mining camp.
DYOR because not advice.
Ann: Investment term sheet with Taurus and equity raising, page-2
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