I note that the agreement with Stratmin contains three tranches of shares form a portion of the agreed acquisition cost for the mine as follows:
1) 75,000,000 @ 1.0c after completion of agreement.
2) $A 3M worth of shares if three consecutive months of output @ 1,250 MT is reached by end of 2017.
3) $A 5M worth of shares if three consecutive months of output @ 2,500 MT is reached by end of 2018.
I'm interested to know what others anticipate the staged revenue and OPEX to be at 15KTpa and 30KTpa output levels, and whether BSM might delay increasing output to the staged levels to avoid further issue of BSM shares to Stratmin.
Revenue Projections
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