I would not be so concerned about whether the royalty is this low or that high, whatever is chosen, the project will make money & work for all parties. You think a low conservative price input is placed in a study carelessly? Its called being tactful. Move forward from the royalty concern.
The attention should be on why will the Minister of mining decline A11s request for mining permits. - A11 has proven a positive and robust study - Will receive a capital injection which is a. non dilutionary & b. removes concern for the Minister regarding a major development.(their lithium first) - Existing shareholders showing support and commitment
What to look forward to: - confirmation of royalty rate (nationally) - mining permits approval - exploration upside, grow the resource - offtake agreements - ASX index inclusion
Recently everyone bellowed out, corrupt dealings of tenements, share dilution concerns, payback period, incompetent mgmt, capex increase, sovereign risk....
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