RE:Metalstream Agreement.........
My understanding is that as long as GYA delivers the 30,000 oz in accordance with the delivery schedule "the royalty will NOT be payable, and will expire once the 30,000 oz gold is delivered." IMHO they dont care about getting the royalty, the deal is $9,000,000.00 USD for 30,000 oz gold ($54,309,000 USD worth of gold). The delivery obligation of the Company will be secured by a 12.5% net smelter returns royalty in favour of the Investor, to be registered against the Project. The royalty will not be payable while the Company meets the deliver schedule and will expire once all delivery obligations under the Agreement have been satisfied.