RE: ValuationI guess the 48.4 is a little out:
On a positive bankable feasability Copper fox would recieve 23.4% net proceeds interest:
100% - 3.5% Net profits held by royal gold
96.5% - 23.4% net proceeds interest held by Laird (and thus copper fox)
73.1% - 6.6% net proceeds interest held by Laird (and not copper fox)
66.5 * 25% = 16.625 % proceeds interest would be copper fox's from 25% of working interest
66.5 * 75% = 49.875% would be Tecks proceeds interest from their 75% working interest
Copper Fox would have 25% working interest but 40.025% net proceeds interest after this mine
Teck would have 75% working interest but 49.875% net proceeds interest
Laird and Royal Gold would receive the final 10.1 % net proceeds interest.
What would this do to our final Valuation???? Can someone please tell me I'm off my rocker.