PRI was settled at 25 percent of maximum value because KCN was cash strapped.
If KCN settles Chatree at the same rate. It might get $250M usd. However, its well funded for at least 4 years based on this years run rate. After repaying debt.
This is before selling Silver project.
$250M is $1 usd a share.
Not sure whether this settlement will improve their chances getting thai govt to settle.
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- Ann: Kingsgate settles PRI Claim for more than A$82 million
Ann: Kingsgate settles PRI Claim for more than A$82 million, page-68
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