Furthermore WAF require $185mill Capex, that I am sure will be debt funded, VEC with 70mill worth of equipment, total of $720mill US spent on the project,
So you can say we purchased the equipment with a US$15mill discount
Would love to see an increase in resource.
"Under the Shareholders Agreement, Vector’s interest in the Project can increase to 86.22% if MGI exercise their option under the Shareholders Agreement for the sale of all of MGI’s shares loan accounts at Fair Market Value to the Company. This option can be triggered by MGI at any time after a positive Decision to Mine has been made."
Taken from previous Vector announcement, I referred too the company being 6 months behind in regards to the completion of the DFS, after completion comes decision to mine, so at this time Vector could move to 86.22% interest.
Thanks for allowing to explain this
AIMO
DYOR
