Relax K
Anyway whilst we wait I did find a nice little bit about our little upstart in no less than the Blackrock PLC finals!
Company BlackRock World Mining Trust PLC. TIDM BRWM Headline Final Results Released 16:37 20-Feb-2014 41636-A8FA http://www.londonstockexchange.com/...rket-news-detail.html?announcementId=11871213
"It was announced in October that the Company had reached a non-binding agreement on key commercial terms for a US$12 million smelter return royalty investment with Avanco Resources Limited. The Company and Avanco are currently working on heads of terms. Whilst this would represent a relatively small commitment for the Company, the Board believes that the investment will offer an attractive addition to the royalty portfolio and also diversify the Company's existing royalty holdings by type of asset."
Now I never did doubt that the Blackrock deal would be a goer, who would knock back the deal of the century at an effective interest rate of 27% NSR (US$3.3/lb) and 36% NSR (US$4.0/lb)
But that is besides the point, always remember never be too greedy, if the 2% cu & 25% au NSR does flow to BR remember who gets the other 98%
When the time is right you will not see the lights when this goes by.
As always DYOR!!!
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