Correction, bit more complicated than that:
US$250k + 10M AUK shares + 5M AUK options
for the initial agreement (the 90% option)
plus US$1M to PT Golden to upgrade the gold plant
Then US$9M if they want to proceed with the purchase.
For initial 2 years of the option - profit share on the gold production from the plant of 50%.
Gold plant production up to 100t ore/day - but dont think it is currently producing anything.
any opinions - anyone home??, page-4
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