Ann: Korella Getax Joint Venture , page-2

This could get interesting, current Market Capital prior to Today's J/V announcement was just $6(million)



The deal is considered to be worth up to $43m, to be contributed by Getax and the amount of which has been the subject of current estimations of the funds required in order to take Korella through to mine development.

Krucible expects that the project will generate around an estimated $720m AUD to the joint venture in gross sales revenues in phase 1 of its mining at Korella, ahead of longer term mining of other phosphate resources at Korella and nearby.

In further demonstration of confidence in our Company, Getax has agreed to take an equity stake in Krucible. Under the Heads of Agreement between the parties, Getax will acquire a 15% pre-equity interest and will also appoint a director on Krucible’s board.



Haven't looked too much into KRB, yet but this has me interested !


Cheers from G64 :)

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