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Cube Psytech Holdings Inc. T.P


Primary Symbol: P.CUUB

Cube Psytech intends to trade on the Canadian Security Exchange. There is no date set for the closing of their Initial Public Offering at this time.


P.CUUB - Post by User

Comment by Czicfwillgetermiton Dec 02, 2017 4:05pm
77 Views
Post# 27078546

RE:RE:RE:RE:Goldstream deal with W

RE:RE:RE:RE:Goldstream deal with WCorrect, but as far as gold corp goes they are only on the hook To W for 220 million Oz max or 110 million dollars over 21 year deal.  They based deal with W on about 5 million a year output imo. Based on that production goldcorp knew they would be on hook for at least 55 million or so as 5 mil oz production would  leave 120 million oz shortfall.  At this point goldcorp is a passive watcher as they have no legal means of making P increase production. P delivers silver under current Stream with W and goldcorp pays shortfall at end of contract, end of story. Its really not enough money to change the fact W has to lower stream by some amount.  

So goldcorp does have skin in the game and ultimately wants P to produce as much as possible but its out of their hands now and realistically it doesnt change fact W has to lower stream for P or another miner.  I see 35% cut max, not 60% and front end loaded stream deal.   




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