I'd also add, it's absolutely imperative that the JV fund local community projects.
In the scheme of things we're talking peanuts for so much good will
Also it's S part of ESG which the World demands these days.
In Australia we pay Royalties to local communities as well as financing the extra projects.
Liontown for example on top of the State Government royalty pay a 2% private royalty as well as a royalty (% undisclosed) to the local aboriginal community.
At 500kt selling for US$6000/t, and guessing that royalty is around 2%, that works out to $60m USD or A$90m every year
We won't be spending anything like that in Africa - a very good deal compared to the royalty you'd have to pay to local communities in Aust.
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I'd also add, it's absolutely imperative that the JV fund local...
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