GREY:HRIVF - Post by User
Comment by
discern1on Nov 04, 2010 3:13pm
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Post# 17659032
RE: Royal Gold Reports...
RE: Royal Gold Reports...With the reduction of this payment, in Q4 and 30,000 oz of production, the 25% royalty for these ounces will be reduced to 23% (2% will be give to Royal Gold perpetually). This works out to an increase of 30,000 * 0.23 *1350/oz
= 9.4 million extra for Q4
9.4 million / 800 million shares = 1.2 cents/share
Lets call this an additional 5cents/share for next year.
Having this payment completed should add an additional
.75/share if we use a PE multiple of 15.