RE: JV Income25 Aug 2020 12:13
Hi Elir, good question. Well, as a JV partnership of 50/50, VALKOR/TOM in Greenfield, that is how I see the money being divided, however, I am sure that Quadrise will be looking for a share of revenue, so 50/50 after all costs deducted, is how I see it. Quite prepared to be proven wrong. One other point, if they start selling oil from Asphalt Ridge, I believe 50% goes to Petroteq. Also remember, there is premium of 30-40$ when sold as clean oil, after Quadrise has cleaned it.aimho