Just looked back into published comments on the contracts.
The initial mining contract was 6 years at $300m and then
after admin an additional $180m added to contract value and it becomes LIFE OF MINE with drill and blast added plus a further $13.7m linked to ounces and gold price.
Of which remains some $8m linked to ounces and gold price remains plus a life of mine contract I believe.
My guess is WGX figured they were offering to buy big ongoing liabilities as a mining site,with a mining operation they could never rationalise or pull costs out of, which is likely why they pulled the plug on a merger in the end,no matter what was said.
So to me it's down to what's the plant worth as a relocation deal preferably leaving Gascoyne with it's site contracts and encumbered tenements.
DYOR+DYODD The saga at AMI with darques
Just looked back into published comments on the contracts.The...
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