The Central Tanami Project is part of an ongoing JV with Northern Star Resources (Tanami Gold NL 75%; Northern Star Resources 25%) in which Northern Star Resources can earn a 60% interest by bringing the project into commercial production by 2018.
The exact terms and conditions of the earn-in and the JV Agreement have previously been announced.
Gerard McMahon Chairman
https://hotcopper.com.au/threads/ann-central-tanami-update-nst-tam-ax.2786349/#.We6KE2hL-Uk
What happens if that date expires in 2018 which from my understanding is 3 years from the signing of the HOA agreement or 26th February 2018 though I believe wet weather in the Tanami has been an issue of which I have added 6 months bringing it about August 2018.. but we'll be hearing long before then I would imagine.. In fact we should be hearing from TAM themselves on the 3 year deadline date explaining to shareholders the delay reasons - and I believe the reason will be wet weather and issues around dealing with the CLC and other bodies..IMO
Watch out for tomorrows NST announcement, page-32
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TAM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.60M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.8¢ | $40.13K | 1.422M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1052557 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 500000 | 1 |
View Market Depth
| Last trade - 12.13pm 28/11/2024 (20 minute delay) ? |
| TAM (ASX) Chart |
