The Contract for Sale of two mining leases and Mt Carbine Quarry is planned to be executed by mid March 2018. I have looked through the various ASX announcements in an attempt to identify price. Not found so I guess they are still down the pub negotiating the final details over a cool beer!. In the final analysis the price paid will not be material compared to current NPV(8%) = A$218m of the Mt Carbine Project. Concluding this deal has removed a major impediment in the development path of this project. Now SEI can get on with the job of progressing Mt Carbine towards speedy production and releasing the strong inherent value for the benefit of all us shareholders. Exactly what we want.
Please DYOR
SEI Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
