I am confused too. Do they have someone in their pocket in Indonesia to sell the concentrate to. Also if you look at the news release it says that they have to pay US$1.75 million royalty per dry tonne processed under the original agreement. If I am not mistaken a dry tonne is 2,000 pounds at a current price of US$8.15/lb for nickel or $16,300 per tonne. Seems a little rich to me but I am not a geologist/CEO. Could someone explain this to me please in layman's terms?
TIA and GLTA