You should contact Venus and let them know that they have a much better deal than they are aware of.
I spoke to Kumul today (gen manager) and he said Venus's development cost by way of a loan from Rox ups up to the time of a decision to mine.
From that point on costs are 30/70. Kumul sees no problem for Venus to fund their 30% Capex.
So Rox will not be paying Venus's share of the Capex.
Kumul also mentioned that Venus has a gold royalty 0.7% I think he said.
You should contact Venus and let them know that they have a much...
Add RXL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.02M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $22.17K | 153.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 279788 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 173670 | 4 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
14.5¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 14.5¢ | 14.5¢ | 14.0¢ | 99394 | ||
| Last updated 15.57pm 14/06/2024 ? | |||||
| RXL (ASX) Chart |