RE:RE:RE:660k?Yes, I'm sure that what you say is what the ultimate effect is but we don't know the actual mechanism involved.
What I do know is that the calculation and method of levying the govt royalty is laid down by legislation and how that fits in with the Clara operation is unknown to us.
(3) The term "gross market value" shall for the purposes of calculation of royalties be defined as the sale value receivable at the mine gate in an arms length transaction without discounts, commissions or deductions for the mineral or mineral product on disposal. (6) For the purposes of this section, the expression "arms length transaction" shall mean a transaction between a willing buyer and willing seller in the open market where the purchase
price for the sale is not influenced by any special relationship or other arrangement between the parties to the transaction and is not affected by any non-commercial considerations and
specifically excludes any barter, swap, exchange, or transfer price arrangements, restricted or
distress transaction which is associated with special financial, commercial or other considerations.