I would like to see MR sit down at the on-country meeting and offer the Martu a once only, limited time (say 1 month to allow all TO members to be be consulted) offer of:
25% of the project, free carried until production.
Too much I hear the roar.
Well I personally would be happier with 75% of something instead of 100% of nothing .... & that is how black & white it is.
Consider the implications of a deal to both parties.
400kt annual production at say $200t net profit = $80m = $56m fully franked potential dividend = $14m net to Mirrar & $42m to RWD shareholders. If capex was fully equity funded @ say $3 per share, there would be approximately 125m shares at production = 30 cents pa fully franked dividend.
Let your imagination run wild on the implications of any figure in excess of $200pt net profit .. ie potash price movements.
Now consider:
If this sort of deal had gone through 3 years ago we would be in that dividend stream RIGHT NOW !!!
RWD Price at posting:
$1.03 Sentiment: Hold Disclosure: Held
