re: Ann: Ram enters into agreement with Newcr... if you read beyond "newcrest".....................
Newcrest will pay $30,000 a year to Ram for both options and importantly will meet the
minimum expenditure requirements on the tenements. The agreements give Newcrest
the right to acquire the tenements at any time over the next three years.
In the case of tenement E45/2727, Newcrest has agreed to pay $500,000 on election to
exercise the option plus a net smelter royalty of 1.5 per cent.
In the case of tenement E45/2726, Newcrest has agreed to pay $250,000 on election to
exercise the option plus a net smelter royalty of 1.5 per cent.
Ram Managing Director Bill Guy said that under the option agreements, Ram stood to
benefit from Newcrest’s extensive knowledge and experience in the Telfer area. At the
same time, Ram would not incur any further cost in respect to the tenements.
the gain is a free ride on 2 tenements and 30k of expense off the books. IF newcrest develop these sites in the next 3 years ram gets a 1.5% smelter royalty and 500k and 250k respectively.
- Forums
- ASX - By Stock
- RMR
- Ann: Ram enters into agreement with Newcrest over
Ann: Ram enters into agreement with Newcrest over, page-3
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RMR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online