AUZ 11.1% 1.0¢ australian mines limited

Ann: MLM: Nornico Royalty Agreements to be assigned to AUZ, page-18

  1. 6,392 Posts.
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    That 2-4% is on top of he wholesale rate.

    And I'm not sure what that is right now. It was 4.2% 2 years ago.

    Only conditions for NAIF is to prove you have letters of finance. Which we obviously don't.
    I'm guessing that's why we haven't moved into FID with NAIF.
    But people have argued previously NAIF can approve finance and only release it subsequent to finance being secured.

    I think it's chicken and the egg stuff.
 
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