IGC 0.00% 33.5¢ international goldfields limited..

Blythefan,The royalty I was told was only to be on the first...

  1. 1,627 Posts.
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    Blythefan,

    The royalty I was told was only to be on the first 1.5million ounces produced

    So $50 would equate to $75million. Then again the roayalty will not come in till at least another 2.5 to 3 years as the mine has to be built.

    In regards to the construction I believe Nkwe signed a option agreement that Xstrata will fork out all the costs for a 50% interest. Whether this goes through I believe we will find out by year end.

    Maybe you are tight that they may have to raise like $100million down the track anyway to either pay off the loan or working capital commitment.

    Selfsell,

    I hope your crystal ball is wrong mate hahaha

    But I guess all shareholders frustration with TS (Total Sh#thead) is justified.

    Good Luck to all
 
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