RXM rex minerals limited

"• the EPC Contract will be a turnkey lump sum contract...

  1. 76 Posts.
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    "• the EPC Contract will be a turnkey lump sum contract incorporating a fixed price as agreed by the parties following the
    submission of a quote by NFC to Rex, with liquidated damages payable to Rex for delays to the agreed schedule; "

    if i read that right means protection from cost overruns and even payments of development is delayed.

    If this MOU will really be signed defintive with resonable rates on the loan this is huge. could tripple from here.

    PFS showed good economics @ 2.8 copper and 1200 Gold...
    and best is: 37million in cash, so no need to finance and kill a possible run
 
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