clarification

Just been going through everyones posts and from what I am reading I think some people are a little confused.

In regards to the acquisition of the property and the agreement over the Panga mine. MNE does not currently own El Robe so there is no 68%/32% split as far as I am aware at this stage. I believe the company has a royalty agreement with El Robe option provider and I think the royalty changes slightly but is basically around the 6/7% of revenue. So the models in which people have put the 68%/32% is slightly wrong at this stage until they do take ownership but for now shouldn't we be working on 7% royalty until this occurs?

Probably could work on this percentage for at least a year more likely 2.