RE: HEFTY 9 % Royalty Rate... Eigen: I've posted this fact here a while back and and why I describe the State as stakeholders of this vetnure. Also, the real winners of New Elk, when it is up and running, are the previous owners who stand to receive $1 for every ton sold. Just multiply that by the resource and the life of mine. These people are going to be plenty rich. Hopefully, us shareholders too.