GBZ 0.00% 0.8¢ gbm resources limited

Ann: Non Binding Ore Purchase Term Sheet With Pajingo Gold Mine, page-3

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
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  1. 6,669 Posts.
    lightbulb Created with Sketch. 12
    From the announcement-

    "The commercial terms are based on open book approach and the nett procee ds from gold sales will be allocated 50:50 to the parties."

    Does this mean 50% of any profit is paid to Minjar?

    Appreciate any feedback.
    tia mb
    Last edited by monkeybusiness: 19/12/17
 
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