RE:RE: First Mining Announces US$22.5 Million Funding Agreementwow, so FR is willing to pay 22mm$ for less than effectivly 2.5% of mine revenue.
As silver by product is relativly small. see page 13 of corp pres
https://firstmininggold.com/_resources/presentations/corporate-presentation.pdf
NOW go read the Technical Report. there is a 3%NSR on almost all the resource owned by VJUB - Jubilee gold corp
Marketcap of JUB is less than 5mm - this deals values JUB royalrty at least 50million.
Hard to get shares but once JUB announces the deal thgis is a 10bagger - with royalties beeing valued like creazy high
Here`s the part in Spingpole from SEDAR MDAQ1 2020
Casummit Lake Property In 2010, the Company entered into a milestone claims royalty agreement with Gold Canyon Resources Inc. (“Gold Canyon”) to sell and transfer the recorded title of certain Casummit claims to Gold Canyon for cash and share consideration. The Company holds a 3% NSR of which Gold Canyon can purchase 1% NSR for $1,000,000. Gold Canyon shall pay the Company an annual advanced royalty of $70,000, which will be adjusted by the Consumer Price Index (the “CPI”) published by Statistics Canada each year, payable within 90 days of each fiscal year-end of Gold Canyon. Gold Canyon will also issue 100,000 common shares to the Company upon each of the first to fifth anniversary of the TSX-V approval of the agreement. In 2015, Jubilee received its final share issuance of 100,000 Gold Canyon common shares. On July 12, 2010, the Company entered into a royalty agreement with Gold Canyon and the Company retains a 3% NSR on a second Casummit claim group. Gold Canyon has the right to re-acquire a 1% NSR upon payment of an aggregate of $500,000. No royalties have been received with respect to this arrangement. First Mining Finance Corp. had since acquired Gold Canyon in November 2015. During the three months ended March 31, 2020, the Company received advanced royalties of $82,177 (2019 – $nil) on the Casummit Property."