HZR 2.06% 47.5¢ hazer group limited

When the announcement regarding the binding agreement with...

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    When the announcement regarding the binding agreement with Mineral Resources came out on 20th December 2017, it stated that estimated commissioning of the plant is expected to be within 8 months. 17 months later the commissioning still isn't finalised so I wouldn't hold your breath that their timelines will be met. I certainly hope it is though.

    @vigilante3 I would expect the next announcement will be that the Min Res PTR plant commissioning is complete. Any other announcements prior to the end of quarter would possibly be funding for the CDP and/or offtake partners.

    I received a response to my email about the FEED, Commercial plant study and MIN royalty rate. Hazer aren't intending to release anything further information at this stage due to the information being commercially and IP sensitive. Fair enough I guess. The royalty rate with MIN will be agreed as part of Stage 2 of the agreement, which is the design and construction of a commercial scale plant. It's likely we wont know the royalty until towards the end of that build I would say.
 
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