"Anybody any ideas on how much TT will pay for its 25%?"
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Anything above $50m should be considered a bonus as it will mean no CR is required - the Potash option is likely to be excluded at this point as it is only an additional CAPEX option and TTC will no doubt hold out for an IRR above 10% which will lower the NPV.
ORE has so far paid $5.5m for Borax which is cashflow positive AND also includes tenures on the properties for projects being carried out by Lithium Americas (LAC), Galaxy Resources and Rodinia Lithium. Get this - the tenures include royalty's up to 1.5% (on brine extraction) which can be bought out for a lump sum. In GXY's case the royalty is 1% and the lump sum $1m, the Rodinia royalty is 1.5% and the lump sum $1.5m, LAC is a straight $200k per annum for over 28 years. Masterstroke or what?
ORE Price at posting:
$2.08 Sentiment: LT Buy Disclosure: Held
