RE: Something BIG in the pipe ...QuestionsWell I went back and read their agreement with Kinross. It would appear the deal will cost K about 1.3M USD in Cash plus royalties.
Sep 18/2008 $40,000
Dec 31/2009 $25,000
Dec 31/2010 $50,000
Dec 31,2011 $50,000
Annual $100,000 Payments for another 12yrs $1,200,000
---------------
$1,365,000
Plus 2%NSR
Question: Why would they do a buy out if they could just pay this chump change. I assume a buyout would cost them much more? Real question is what is the 2% worth I guess.
GLTA!
Thanks for any help!
F