RE: RE: RE: RE: Franco Nevada vs. SST..."say the mine goes for 9 yrs at 30000 that' s 270000 ounces, let saythey are getting average price at 900 an ounce that's 162 millionbucks."
Actually, Boomboom, it could very well end up being more than that because SST is entitled to 50,000 ounces the first two years and then half of anything over 30,000 a year after that. I'd say it's quite a deal just for the gold stream, but there is also the projected 300,000 ounces per year of payable silver at $3.90 an ounce. I doubt that we would have obtained this deal if not for the symbiotic relationship between CS and SST.
From the press release:
"If production from the Minto Mine exceeds 50,000 oz of payable gold in the first two years of the agreement or 30,000 oz of payable gold per year thereafter, Silverstone will be entitled to purchase only 50% of the amount in excess of those thresholds."
"Silverstone is very pleased to add the Minto Mine goldand silver production which more than doubles silver equivalentproduction in 2009 to 4.5 million ounces of silver(1). Thistransaction provides leverage to both gold and silver,"said Darren Pylot, President and CEO of Silverstone ResourcesCorp."