I wrote this 3 months ago, and it is pretty much close to the...

I wrote this 3 months ago, and it is pretty much close to the mark.
1. No cash payment
2. Concession on royalty (US$28 mil per year)
3. Tax exemption (US 30 mil per year)
4. Government to finance the restart (low interest loan)
5. Further mining leases

The Thai IPO was a surprise. I suspect it was to give the Thai people a chance to participate in this success story if they complained that the concessions are too generous. Plus, it does give us more cash to start up the mine.

So instead of upfront $500 mil payment, it will be $600 mil over the 10 years (from no royalty taxes and tax exemption). And this will be worth more if gold prices go up (royalty per centre are higher on higher gold prices).

I dug out all the information from looking at past presentation In Kingsgate. They are however approximate.