Thanks PRC management.
I read it from the Pike River Presentation (30 May to 2 June) page 13 Assumptions: #5
Royalties are payable to the Crown at the greater of 1% ad valorem or 5% accounting profits royalty calculated in accordance with the Minerals Programme for Coal (1996) and Crown Minerals act 1991
Huh, I wonder how they know I wish to know that.
~_~ / @_@ / :)
