Be Heard
GPXM Chat Shack Member Forum
| « CLB01248 Message list | Reply to msg. | Post new msg. | « Older | Newer » |
08 Jun 2011, 11:45 PM CDT Rating: 
|
Msg. 1887 of 1899
|
|
IN A PERFECT WORLD, I make our share of 3,500 ozs two years from satisfying the buyin requirement to be aprox $48 mil with gold @ $1300 an oz
Based on 20% of 84,000 ozs a year for two years..... based on 3,500 ozs a month NOT counting the silver .... let it pay for 20% of the costs.... 2.4 mil more if it stays at $1500 Furthur more... I believe we will maintain our exposure to MR via Coyote and Vanderbuilt we will end up with a non-extiguishable royalty, a percentage 20-30% and or be bought out bought out..... I expect there to be some sort of restructuring of the original JV Agreement before we get that far (24 mos)..... WE will have to probably share that percentage with Mhakari Gold, BUT it IS income for the life of the mine. The properties are 80/20 so that'll end up being the ratio of any split I'm guessing.... There's at least a year and a half of drilling that'll go on up there just for OUR bookends.... Scorpio have/had THREE drill rigs working there now..... and in the past.... not sure what the status is there NOW - but I'm guessing that there'll be some egg on someone's face if they don't have the ozs in the books they were predicting.... |
| « CLB01248 Message list | Reply to msg. | Post new msg. | « Older | Newer » |
Twitter
del.icio.us
digg
Reddit
You can also:
