I quote selectively below from one post on the AUZ forum. Others might find it interesting to see what other posts on this subject were made on the AUZ forum.
"Like the fact that the royalties represent a $68.4M charge to the BFS bottom line! With the offset of the $2.5M saved upfront, that is a $66M hit to the already fragile BFS metrics - more than $2M a year over the 30 year mine life!"
The inference appears to be that MLM can expect $2.5M upfront and an income of $2M a year once Sconi starts up.
- Not a bad cash injection and income for a company with current market capital of $4M?
- Seems too good to be true.........a bonanza?
Perhaps someone familiar with the details of the sale and royalty arrangements covered in the announcement might elucidate on the detail before I start getting very excited about a bonanza that might not exist.
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- News: MLM Australian Mines Says Agreed To Assume Two Royalties On Bell Creek & Minnamoolka Projects
I quote selectively below from one post on the AUZ forum. Others...
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3 | 795000 | 0.021 |
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