To refuse to consider the payment of royalties courts disaster for IBG, regardless of original Ts and Cs.
Royalties are payment to the Wider Greenland community for taking their sovereign resource. If a resource has value, it is deserving of a royalty. It's as basic, and deserved, as that!
If IBG believe the economics of the project cannot include a royalty of any value, they should walk away. I think you will find that IBG will come to the table regarding royalties. They will have no choice.
23.
Royalties, page-4
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Mkt cap ! $5.924M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $161 | 40.28K |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 21710501 | 12 |
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| Last trade - 10.04am 19/07/2024 (20 minute delay) ? |
| IBG (ASX) Chart |