RE: RE: Our next move up Re: next move up?Good evening Whitemoose,
I went back to try and track down the source.
Below are a couple of references to the NSR, with varying timelines. The first one, and more current one, refers to 2011 (no mention of "early 2011") and the latter one refers to "mid-2010" (obviously outdated). I know I read "early 2011" in a report but can't seem to locate it. Nonetheless,based upon my review of the latest presentation (which I reference immediately below), I imagine that "early 2011" is no longer probable..
Bachelor Lake 1% NSR
"Metanor operations at the Bachelor Lake property in Quebec expected to deliver royalties in 2011"
https://halores.com/investors/pdf/Halo-November-2010.pdf
"The 1% net smelter royalty on Batchelor Lake may produce cashflow from mid-2010 onwards. This report gives the investment credentials of the company|"
https://www.proactiveinvestors.com/genera/files/sponsor_files/lom_02_02_10_hlo_report.pdf
With respect to the figure of $50,000 or $60,000 per month,I believe I read that in a report which stated anticipated cash flow would be in the neighbourhood of $50,000/month. I also believe that this number was verified by a Halo representative during one of my conversations with them.
I haven't kept up to date with Metanor, and as such, maybe you can shed some light on their current situation and what type of timeline you believe would be feasible before Halo starts to see cashflow from the NSR.
The 300 (Molon Lave)