Hi Mark, are you sure about that? A recap of the Haoma agreement...

Hi Mark, are you sure about that? A recap of the Haoma agreement announcement -

The framework agreement sets out ... the binding terms for the Proposed Transaction, in particular:
• a profit share in respect of the relevant East Pilbara Assets of 60% (Calidus) and 40% (Haoma); and
• the respective operational contributions of Calidus and Haoma, namely:
- Calidus is to manage the mining, extraction, processing, transportation and sale of gold, obtain required regulatory approvals and provide access to its existing infrastructure; and
- Haoma is to provide a licence to access the relevant East Pilbara assets and utilise the mining information.

Seems very clear to me Calidus is on the hook for ALL the expenses , so none of their costs are "covered". So in your example there with the 1.5 gt stockpile., if gold producers are on an average margin of say 30% (just to pick a figure), the profit would be 30% of 1.5gt x 60% = 0.27gt

Very rough figures, but unless CAI get a lot of hi grade ore to blend in, it may not have any real upside? Trouble is its impossible to predict the extraction costs under these scenarios.

Nah, those 2 have different writing styles and knowledge sets. Not the same people at all imo.

As for the Million dollar kid, well, old habits die hard.... Check it out here.