OTCPK:KRCLF - Post by User
Post by
Farquaron Nov 12, 2020 1:38pm
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Post# 31886085
Savings from buying out spargos royalty
Savings from buying out spargos royaltySpargos should produce at least 118,000 ounces if 90% recovery of the 132,000 ounces.... 118,000 x $1900 US = $224 million US x 3% royalty = $6,276,000.00 US or $ 9.3 million Australian... They paid only 3 million Australian....so just for starters if they sell the first batch of production at Spargos at average $1900 , then they save 6.3 million dollars! Management has to be congratulated on such a savvy move! I really don't know how they pulled that off, but it literally is a steal...good job, Huet!