PNM 0.00% 3.4¢ pacific nickel mines limited

Shane, think you may be disappointed. The ASX announcement says...

  1. 144 Posts.
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    Shane, think you may be disappointed. The ASX announcement says that MAR will produce the gold and sell it for 57% of the contained gold value to MKS. MAR will produce it - can only mean MAR will pay to produce it. The ASX announcement says that MKS will buy MAR's product for 57% of the gold value. Ask yourself why MKS would also pay the costs of production on top of the 57% of the gold value - makes no sense at all.

    BCD and MAR contract is history - gone - no more. BCD didn't forfeit anything - the contract was terminated by MAR. There is nothing in the new deal (as reported in the ASX announcement ) that even suggests that MAR's arrangements with MKS even considered the old BCD contract - nothing.
 
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