RE: re: that stock scares me..Besides the near billion share count, people need to understand how the concession agreement works.
Egypt gets an automatic 3% off the top.
Centamin (via Pharaoh Gold Mines) is in a "50:50 partnership" with the Egyptian national company EMRA, but CEE has to fund 100% of the costs. The way it will work is CEE will get back their expenses (capital costs, operational &exploration costs) then then remaining profit will be split 50:50 between CEE (PGM) and EMRA. This basically means that the true royalty is really 50%+. Also, there is plenty of numerous political risks that could see Epypt terminate the concession agreement. And if commerical production is not reached by the end of the year - look out!