RE: 114$ million american annually paid in cobalt omg the money has to come from somewhere. if it's not from the cobalt itself then it has to come from other JV revenue - which means nickel (and the leftover cobalt). and if prices are low and JV is not generating enough cash to cover expenses (as evidenced by having to 'borrow' $16 mil back from us) then there is definately NO cash to top up the worthless cobalt tonnage.... amd therefore $114 mil is a notional fantasy.
VerificateASAP wrote: Joe even if it's short 20 million for next 48 months.
The following year cuba partners have too make the difference up.
If it takes an extra year.
I just don't understand the formalities of omg they didn't get 16 million in 23. But they did get another 134 million cobaltcash paid out plus further dividends in 23.
You sound like we are not getting paid but so what.
If they are short 40 million in cobalt....we still get 110 million into the coffers