17.5% of sweet faaark all = 4147.5oz Au
17.5% of sweet faaark all = 8802.5t CuEq @ US$4.65lb = $81.8m
$81.8 million US > ~ $128million AUD
Assuming a margin of 40% over opex = ~$51m AUD
Remembering that the agreement is free carried until decision to mine, the proportionate capex meat will also need to be deducted from the bone prior to any of this revenue materialising.
Now, presuming CNB reach a decision to mine within 6-12mths and no further resource definition is conducted on ND and B & W during that time, all future drilling will be billed to LAT @ 17.5% until production and beyond.
Hypothetically, given that there is a DCX / LAT initiated dispute over LF, it would make sense for CNB to continue building their other deposits until decision to mine. Upon decision to mine the myriad of ways in which CNB can screw over LAT is limitless.
The writing is on the wall for you Wellman.
Rusty doesn't want any of your shitty projects.
Rusty doesn't want your shitty court case with CNB.
Rusty wants your shitty tenements and scrip held at a rock bottom price.
He'll get them for cents on the dollar and kick you a bone for redundancy.
I remain convinced this stock is pure shite.
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