RE:RE:RE:RE:Nice mention in Aureport.comSo I went to the Court web page to examine the Rochester results for this last Q reported, and they make the following statement:
• In 2016, Rochester is expected to produce 4.8 - 5.3 million ounces of silver and 48,000 - 55,000
ounces of gold at costs applicable to sales per silver equivalent ounce1
of $11.25 - $12.25 (based on
a 60:1 equivalence
So extending those projected ounces by say 5 million silver @ $20 per ounce (aggressive est) would equal $100 in revs, and another 50k z's of gold @ $1400 per would equal $70 mill, the total that the 3.4% would be paid on is $170 million. That would come to $5.78 mill US. Not bad at all, but I think that's what was meant when one said it was leveraged to the price of the ore.