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31.7¢ danakali limited

The resource is large and high quality.Development cost are...

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dallas

11 Posts.

1

08/10/15

12:39

Post #: 16137371
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Originally posted by BobbyKennedy ↑

Agree. Whilst 50% share is steep when we have to cough up 100% of the capital for Phase 1, the fact that they own 50% means that mining agreements, site security, production etc are equally important for the government. We are just a means to an end for them. We'll do the heavy lifting by getting the project off the ground and then start pumping royalties and profit share back into the country.

They need us as much as we need them. And yes - if they keep screwing foreign companies, it would be counter productive for them.

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The resource is large and high quality.Development cost are repaid out of first profits.

DNK Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
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