Hi micki,
If you look back at the original agreement MLS bought 80% of the company that holds 100% of the resource, namely Karrillea Holdings Pty Limited. And if you check the last annual report under "Investment in Controlled Entity" it has MLS with a holding of 80% in Karrillea.
So sorry Ladies and Gents, but they only hold 80% of the deposit - That Pan Pacific Mining (who is their biggest shareholder) has the other 20%. Adjust your calculations accordingly.
Cheers
James
percentage of deposit, page-4
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