GREY:ADEXF - Post by User
Comment by
Greenandgold.on Feb 06, 2012 11:40am
201 Views
Post# 19494807
RE: A Better Comparison
RE: A Better Comparison V.CO's property has a 3% GOR, which can be cut down to 2% with a $3 million payment. A one-time cash advance of $250K is due to the vendor once V.CO earns 100% of the property.
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Those are typical terms in the junior mining world. Champion Minerals also has a 3% GOR, which can be cut to 2% with a $3 million payment.
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Who has ever heard of a 6% GOR, with a $35 million buyout to eliminate half the royalty? With $1 million annual minimum payments due regardless of whether the property goes into production or not? That's horrific.