Valuation, page-97

 Deferred & ContingencyPayments 

"RMB Payments

• In May 2016, Quinchia Gold Portfolio purchased from RMB Australia Holding Limited (RMB);

• Remaining milestone cash payments to RMB to occur up until 2020:

➢ Second payment of A$1 million on 20 June 2018;

➢ Third payment of A$3 million on the earlier of a) decision to mine; b) 20 June 2019; and

➢ Fourth payment of A$2 million on the earlier of a) decision to mine; b) 20 June 2020.

• Metminco must also pay a maximum of A$7.0 million in royalty payments to RMB from operating 

cash flows.

Ausenco MOU

• Ausenco and Metminco have agreed to 

• defer costs accrued to December 2017 by Metminco for engineering services in connection 

with the Miraflores Project (amounting to $559,000) into the construction costs of the Project. 

• Ausenco will provide a Guaranteed Maximum Price and a Lump Sum Turnkey price, and will 

enter into an EPC, for the development of Miraflores. 

• If Metminco withdraws from the MOU, Metminco has agreed to pay Ausenco $838,500."


Still 5 months off needing to come up with $3mill and alot can happen +/- in that time, however, i think that's a very big contributor to the lack of interest here atm. The longer the SP is allowed to languish, the harder they'll find it to find the funds. IMO, there's bigger forces at play here, a big player wants our assets on the cheap.....time to get on the front foot and take this head on.

FORTUNE FAVOURS THE BRAVE.