Great DealLove this deal - free carry, no capex, no opex, no dilution, 9% oof sales - a great partner - Denham is the best one can get - and then we have a June 2023 deadline for production - that will be good cash flow in just a few years time if all goes to plan. My calculations say at least US$2m / annum in cash flow from June 2023 when in production. This is probabyl low. Bet it will be much higher as mine rate seems low for resource size. See
https://www.finnewsnetwork.com.au/archives/finance_news_network23375.html We now have US$1m in sales from Namibia - maybe $2m if IMDH comes back soon to offshore property for another mining run. Then we will get a cash pmt of $2m (hopefully in Q3 or Q4) and then this free carry. Maybe now company can turn to Red Sea - like to see some action there. A great deposit .- huge resource.