royalties from corunna downs "split rock" , page-13

They sold East Pilbara for $1.3m
They sold other tenements for $2.1m
Lent money to Amazon and all this will disappear soon.
What are they going to mine?
A million tonnes a year!
$1.13m to GDA annually.
Enough to keep them going.
Should have drilled it them selves as others have been saying
instead of wasting dollars elsewhere.
See HAO announcement 26 march 2012
AGO bought their 25% stake in Daltons j/v for $33m.
$10m in cash ans $23m in AGO shares.
Plus annual payments @$5.50 a tonne for HAO's 25%
over 24m tonne jorc.
They could have at least asked for horses and blankets
also from AGO.
Good luck.c/r next year.
Another $410k to disappear this quarter.
All money gone before AGO starts mining.