TSX:LSG.DB - Post by User
Comment by
Vanchesteron Feb 08, 2012 7:36pm
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Post# 19506563
RE: Franco - Nevada
RE: Franco - Nevada This statement sums it up:
Royalty Arrangement
Under terms of the royalty agreement, the Company will receive US$35 million for a 2.25% NSR royalty on production from the Company's Timmins West Complex. The Timmins West Complex includes the Company's Timmins and Thunder Creek deposits (collectively the Timmins West Mine), the 144 property, the Thorne property (Gold River Trend) as well as a number of wholly owned and joint venture claims on the west side of Timmins, Ontario.
Obviously FN believes there is more to LSG than just Thunder Creek and Timmins Mine. A lot of extra gravy kicking around....
v.