Not a big deal, but seeing IO is approaching the below mentioned trigger price, does AGO have to pay this? or or has it already been dug up and sold? It's regarding the sale of AJM's 16% stake in Mt Webber 2014.
"Entry into a royalty deed providing for a 1% FOB sales royalty on iron ore sold from within
the area of M45/1209 and M45/1197 up to the equivalent of Altura’s current remaining
8.44 million DMT, payable only for months in which the average CFR 62% Fe index is
greater than AUD$95;"
ANN: AJM Dec 14.
Not a big deal, but seeing IO is approaching the below mentioned...
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