Now that Mark McGowan is showing an interest in the SOP sector...

Now that Mark McGowan is showing an interest in the SOP sector do you really think that he will be happy with the 73 cents/T royalty that APC, AMN etc are using in their calculations?

The sting in the tail to this ML rental reduction will be setting a realistic royalty rate for a high value product.

Take a look at the RWD PFS for a detailed discussion on the likely royalty rate. RWD has actually approached the WA government for clarification.

$25/T is more realistic and adds $24.28/T to the operating costs for APC, AMN etc.