untouchable 3.8 billion tonnes potash ev $108k, page-21

And this....

"A further payment of US$10m per 100 million tonnes (pro rata) placed into JORC compliant Proven Reserves will be paid on the publication of a JORC compliant statement of Proven Reserves, and a sales royalty of US$1.20 per tonne of coal produced and sold, will be paid to the vendors 14 Business Days after the end of each calendar quarter."

"The annual cost in year 1-3 of holding land under
concession is approximately US$9.00 per hectare per year (approximately US$2.8m per annum if all of the land area were to be retained)."

I hope they walk from that coal deal. Why I am not suprised Hugh "introduced" them to this....