Borborema gold project royalty Dundee will earn a net smelter return royalty equivalent to 1.50% on the sale of any product containing economically recoverable minerals obtained from ore mined and removed from the Borborema project. The 1.50% net smelter return applies to the first 1,500,000 ounces of gold sold, then is reduced to 1.00% on the next 500,000 ounces of gold. Once the production threshold of 2,000,000 ounces of gold from the Borborema gold project has been reached, the Royalty will terminate in accordance with its terms.
Any thoughts? I like cashflow for Dundee. Seems prudent from Dundees perspective.