Member Info for deckchair66

196,000,000 x £7= £1.3 billion

÷ that by 2 for all I care!

@ Nelson I think 117 million tons of muck converts to 211 tons of gold ( or very similar) multi oz in a ton etc gives you the 7 million oz

I think from previous info from the prof we are due plenty of comms..let's not forget West Africa!

India/NoA I think is def coming out soon ..I'd we don't hear anything on negotiations...new minister of Mines has had time to sign off the auction so he will have had time to sign of early settlement imo.

Gall you don't upset people.

Not that it matters to us..but I hope Owais have the expertise,infrastructure & equipment to open the mine, on time & in tip top condition. Maybe all the necessary equipment/tack is available off the shelf?

At least with there deal I doubt any of the additional local licenses will be too much of a problem .

Company that was formed about 2 years ago...must be/will be the envy of the mining world.

What can go wrong?

My reasoning about expecting the NoA..I would have thought if any meaning fully negotiations going on ..it would have been stated in the Rns....but I don't think it was even mentioned..

Does any reckon the NoA is gonna drop real soon?...it has that feel I reckon

Happy days ahead by the looks of things !

Thinking the same, unless they want to release Rns stating same & NoA together...guess really..or early settlement Rns. ( which I doubt).

reko diq has 41.5 million ozs ...

it cost the ****stan government about $6 billion dollars to settle that claim...back in about 2018/19

@ Gall I found one last night online carnt remember exactly where.. it gives a full brief on auction process and it said the % is revenue ..then it went on about 20% deposits etc etc

Nobody gives 60 plus % of revenue away...

@ Gall..imo it's all going in our favour..happy days if it is a dodgy company...and if it's not so what..

Something is starting to smell!

Following on, from thev info below..

He buys a Tier 1 Gold Mine that should be attracting all the Majors.

The sp moves 5 % on the news

Good luck to anyone buying shares in that company....

I think the 63% is a % of revenue shared...its possible goi or rajasthan get 50% of the 63%..

Don't forget the expected resource is some where north of 10 million ozs!!!

So what your saying is

Assuming gold @ $2000 per oz ..every mined oz the company will pay GoI $1260 per oz, and they get the mining licence 'free'..ie no payment until mining commences?...or am I barking up the wrong tree?

100% not.

So much dodgy stuff going on past & present..at this rate when we get to court we will probably be able to do it on submission only!.

Yes prof ...strange I carnt currently find anything else online/indian press etc.

Was it a Dutch auction..and it was 65% of starting price??