I read it as XAM's chunky overheads are funded to $6.2 million (or just under 4 quarters) and the rest of Zijins investment goes directly to fund the PFS for the project.
Following the PFS, XAM has an option to:Plus XAM has to continue self funding its chunky overheads.
- fund its 50% share
- sell its 50% share to Zijin for US$50M
- or sell half its share of the JV (25%) to Zijin for US$25M with a financed carry for the other 25% to production
Ann: Quarterly Activities Report & Appendix 5B - 31 March 2023, page-6
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
