RE: RE: RE: Project and Corporate Upda Noone has an opinion or comment on this post??????
but then i read in the financial report for Q1/13 the following for the Taconite project:
"After completion of the feasibility study, the option will allow Tata Steel four months to make an investment decision involving the development of either one or both of the projects. If Tata Steel exercises its option then it will pay the Company 64% of the costs incurred prior to the feasibility study to advance the project(s).
As at March 31, 2013, NML has received $23,810,000 (December 31, 2012-$21,470,000) from Tata Steel on account of the option."
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The costs for LabMag and KéMag are $25.3m and $14.6m --> 64% of that are around $25.5m
So Tata Steel already paid up the whole costs for the Taconite projects to NML???????