"The "free carried" 10% is more involved than them just saying, "yes" they (from my understanding of previous practices) they do not get the free 10% until making a financial decision on the "optional" 10%."
I don't believe that is the case.
I asked Simon at the AGM if there was any time period on the Government taking up it's optional 10%.
Simon said there is no time limit at all, whereas the free carry 10% will almost certainly be finalised before revenue streams.
Interestingly under the new mining code (that doesn't apply to us), there is a 2 year limit for the Government to avail itself of the extra %
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