Member Info for Professor1

The international tribunal will look at the market value of the asset and it takes no genius to figure that out based on the true potential of the asset, namely, the present value of the cashflows based on at the minimum 6.8 million ounces. This figure has been hammered by PAT in every communication, not the Jorc compliant 1.7 million ounces.

ac may give a 10% chance but the fact of the matter remains:

the indian and rajasthan governments are:

1) in breach of compliance with the law

2) have expropriated the asset

3) will have no legs to argue the case in the internatiinal tribunal

fasckens know the true case of success rate here

more like looking at 90% of damages claim

you only have to look at the ****stan case.

gla

Nice step forward and piling up the shares

I tried looking for any news on the auction and found nothing. Looks like it has stalled. Will be interesting if we do not see an RNS before the end of the year

GLA

Hopefully, RNS on 21st?

I take your point Buci

Yep, looks like calm before the big storm. Waiting for MB to announce at least $2 billion claim

What better time than MB to release the news over Christmas

GLA

Would be delighted if I can hoover up some of the shares being sold!

Spot on jive_turkey

Time to start loading up here, for me at least

Sujood

Agree with you. I listened to the VOX interview and AS couldn't be much clearer although he does sound tired.

Precision works

Clear commercial strategy to develop AVA6000 on our own - We are at a beginning of the value curve and If we partner too early, we would not maximise shareholder value. It appears they are very confident AVA6000 will get approval on completion of phase 2.

Partner the platform

What about AVA3996 to cure solid tumors - still to come

MB did say we will see good news flow so hopefully something before end of this month

GLA

Wish I could top up at this sp.

Are we not expecting news from west Africa as well soon?

Hi John

My guess is MB wants to give a diplomatic chance to the state to have some sort of agreement which I think is still achievable. There will be timeframe given to the Indian authorities to respond. My gut feeling is MB wants to get on with this asap.

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Indo Gold v. India

Indo Gold Pty Ltd v. Republic of India

Nature of the proceedings: International

Type of case: Investor-State

Industry:

Mining

Metal ores

Date of introduction: Unknown

Status of the case: Notice of Intent

Claimant’s country of origin: Australia

Institution: Data not available

Applicable treaties:

Australia - India BIT (19...

Documents of the case

Year Production Grade Cost per ounce

1999 314,295 ounces 1.33 g/t A$390

2000 176,000 ounces 1.62 g/t A$494

2001–2003 inactive

2004–05 218,000 ounces

2005–06 650,000 ounces

2006–07 627,000 ounces

2007–08 590,000 ounces

2008–09 629,108 ounces

2009–10 688,909 ounces

2010–11

2011–12

2012–13

2013–14 536,342 ounces 0.90 g/t $A1,005

2014–15 520,309 ounces na g/t $A791

2015–16 462,461 ounces na g/t $A967

2016–17 386,242 ounces 0.70 g/t A$1,178

2017–18 425,536 ounces 0.71 g/t A$1,262

2018–19 451,991 ounces 0.72 g/t A$1,253

2019–20 393,164 ounces 0.90 g/t A$1,281

2020–21 416,138 ounces 0.89 g/t A$1,473

2021–22 407,550 ounces 0.73 g/t

More evidence = Newmont

Thanks guys- much appreciated

My top up from this morning not showing

The second point you have forgotten to mention is that they have been in operation since 2011 - and by now are expecting to get to the end of mine life in 2025.

Its the discounted NPV they would have produced over the years.