Fair enough Cobrakai. At SMR's current average selling price of about $475 per tonne, the royalty is 28%. That still must be the highest in the world, by far.
You realize the royalty schedule is based on AUD, not USD, right? 150 to 200 AUD per tonne, being 105 to 140 USD per tonne, is below the average long term price of the benchmark hard coking coal. And with inflation in wages and materials, we're looking at higher costs than before.
As to paying off the debt by December 31, it won't happen. No chance if they stick with their dividend and debt repayment policy in their most recent guidance. My forecast previously had them paying the debt off during the first quarter of FY2024, but that's out the window.
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