Re Multicom Royalties16 Sep 2018 12:03
Thanks highroller,
That'll do me, actually!....the resource is humungus!!
Current price on t'internet for Vanadium Pentoxide in China per ton is approx US$65,000 = approx £47,000
they are initially aiming at 10,000 tons of vanadium pentoxide per yr for 20 years. = approx £470M.
1% = £4.7M. Plus all the other rhubarb below......together £2.50M total = £6.75M in first year to AXM.
'Alexander will provide certain management services to the JV and where Multicom successfully uses or sub-licences to another party the potential Vanadium Leaching Technology in a commercial scale mineral processing plant exceeding one hundred (100) tonnes of vanadium saleable product per annum, then Multicom would pay the following success payments to Alexander:'
(‘1. an amount of US$400,000 payable within five business days from the date of completion of a definitive feasibility study for each successful project that, to the reasonable satisfaction of the Licensee, establishes the technical, economic and financial feasibility of the use of the potential Vanadium Leaching Technology;
2. an amount of US$300,000 payable within five business days from the date of the first commercial sale and shipment of saleable vanadium product that is substantially derived from the use of the potential Vanadium Leaching Technology; and
3. a further amount of US$300,000 payable within three calendar months from the date of the first commercial sale and shipment of vanadium saleable product that is substantially derived from the use of the potential Vanadium Leaching Technology.
Multicom also has an option to convert its rest of the world licence to an exclusive worldwide licence in return for a payment of US$1,500,000 each to Alexander and JWI at any time within three years from the date of execution of the JV agreement.’)
Not sure if the maths is correct....but won't be too shabby. I know others have done calcs (probably more accurate than this) but cant find them.
Whatever........that'll do until one of the other projects kicks in!.....yum yum.....roll on next RNS....come to Daddy!
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