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Hey Load, Yeah, 100% certain - it's 'profit share' not revenue...

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markyess

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15/08/23

23:01

Post #: 69357444
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Originally posted by Load: ↑

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.

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Hey Load,

Yeah, 100% certain - it's 'profit share' not revenue share.

It stipulates who is responsible for managing/covering the project costs i.e. Calidus and then the resultant profit is split 60% CAI, 40% HAO

All the best,
Mark

CAI Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

2 Great analysis

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Hey Load, Yeah, 100% certain - it's 'profit share' not revenue...

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