RE: ir deptThanks for the link. According to that link, Hudbay only paid Callinan aprox $265,000 last year. If they owe CAA 6.66% net profit then this payment is suggesting that the 777 mine is only making an annual profit of $4 Million. The 777 mine is much more profitable then that. 777 probably makes twice that EVERY MONTH.
Hudbay's 4th quarter results will be out in 2 weeks. It's common, vague common knowledge that the 777 mine is profitable to the extent of over $200 Million per year. If this is the case, then Hudbay should be paying CAA over $13 Million per year?? The dollar amount going forward should be pretty easy to calculate. It's the past payments owed that could get very interesting. If CAA had been paid on time would Callinan had to due Private Placements? What's the lost market capitalization for past Private Placements?
Could be very intersting.