You are partly correct, they will expect a royalty deal. They may also seek terms to protect culture. These could override the EPA decision, for example exclusion zones. Basically factor a 1.5% NT royalty into the NPV (and while you are at it have a rethink about the 75c government royalty). (You can also revise the exchange rate and use a realistic US$500/t SOP price. Your project is currently worth a lot less than you think). An agreement isn’t the problem it’s potential delays resulting from negotiations
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