I'm beginning to think that retaining the 25% interest might be the best way to go and getting a very large pay off every year as NC start mining. Two reasons for my change of view. Firstly it will be very difficult to agree on a valuation, which can only be based on actual results at the time and on the current gold price and estimated AISC. And the MRE will be conservative in all those assumptions. Secondly if we keep our share we can then benefit from any growth in the resource as more drilling is undertaken and any increase in the gold price. So the GGP SP will be underpinned by our annual share of profits which could easily exceed $100m.
Must be more than that Paddy. How much dirt do those trucks hold? And it must be at least 2 hours labour cost for the driver, as well as the truck cost.