Assuming the DMIRS approvaI comes on 31 July, and they start-up...

Assuming the DMIRS approvaI comes on 31 July, and they start-up trial mining operations on 1st August. Say it takes about a month to dig the pit and another month to set up the HL and another to process, and yet another to sell ounces, then account the following month etc - so maybe before Christmas they could be in line to receive a net payment? If they can do 1,500 ounces in the first go, I estimate (at the very conservative margin of A$3,000 an ounce), OZM could possibly be looking at something like A$2.25m net to them just from the initial round. Obviously I'm assuming minimal capex (use existing portable crushers etc if JV partner has them otherwise rent). AIMHO (DYOR).