Sevo, it’s not an Iraqi bizarre. 73c per ton is for the extraction of salts from brine according to legislation. Period. It’s a low value industrial mineral. It’s not a new product that requires special treatment.
Do they calculate royalties on iron ore on the value of stainless steel? Cars? No.
Think for yourself. MR, for some reason unbeknownst to us, likes to constantly muddy the waters. Why would you approach the DMP and suggest that you should pay more. It’s salt, pay the salt rate and that’s that.
It’s due for review in 2020. Maybe they’ll mess with it then but not now.
Another thing I don’t get is why he’s so obsessed with the competition instead of getting on with his own project. For you and I to thrash it out and take pot shots at each other is one thing but looking at the latest presentation and other comments this guy is seriously concerned/jealous/who knows what/ about AMN. Not befitting for an MD of a supposed rising star.
Ann: Pre-Feasibility Study Completed for Mackay SOP Project, page-124
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