The cost for the whole 60% is estimated at US$ 22M and $2.75M per 50Kt Cu over 350Kt Probable category!
In the Mining Revision Process following was agreed:
Cash Payments - Payments are to be made by Comin to GĂ©camines as follows (previously no such cash payments were payable to GĂ©camines):
- US$3 million upon the revised agreement coming into effect.
- US$2 million on commencement of production.
- US$2 million on the first anniversary of commencement of production.
- A further US$35/tonne of copper for proven reserves above 200,000 tonnes of copper.
So TGS pays COMIN for extended ownership in Project, COMIN pays Gecamines with the money obtained from the Capital Raising. Note that only US$5M is due at production start.
Question: Does anybody know where to obtain a copy of the April RBC Broker Report. Or a mail to [email protected]. Thanks.
- Forums
- ASX - By Stock
- TGS
- Ann: Trading Halt
Ann: Trading Halt , page-24
-
-
- 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)