GREY:TCEGF - Post by User
Post by
liquorcon Jan 06, 2013 8:06am
295 Views
Post# 20802732
Royalty Agreement
Royalty Agreement click https://www.terracogold.com/i/pdf/FS-Oct31,2012.pdf see note 5. From my understanding of the nsr, TEN has the right to purchase the royalty for $12mm. This seems to be a given that by then the mine will be up and churning out 100k oz/yr. at the rate of $3.75mm per year for 25 years, the npv at 5 discount is worth $53mm. Additionally, there is the 1% royalty which is worth $$$. Any other scenarios appreciated.