RE:RE:RE:Centamin is overpriced Fair point, ugg and, as you can see, I've corrected myself, but the royalty is 3% (and that is deducted before the profit share kicks in). That level of royalty is similar to that on EDV's current operations - and note that the profit sharing arrangement substitutes for tax that would otherwise be paid. EDV is generally paying 25-35% tax on profits at its current operations, and there are minority interests in several of it's mines: 15% at Ity; 10% Hounde; 15% Agbaou; 10% Karma. So it's a bit of a complex question on what basis you attribute the production ozs.