GREY:RNSFF - Post by User
Post by
minigoonon Aug 27, 2016 11:13pm
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Post# 25184162
there was concern !
there was concern !About the royalty rate on the first parcels awarded was to high from some posters earlier, but you can see whats happening as they win more parcels of land and the total royalty drops dramatically as per the fourth parcel.
The Pontn license contract includes the entire stratigraphic column and was awarded to Renaissance with an additional royalty of only 21.39%, significantly contributing to the Company's objective of reducing the average royalty rate of its portfolio properties in Mexico.
Read more at https://www.stockhouse.com/news/press-releases/2016/08/26/renaissance-announces-acquisition-of-its-fourth-block-in-mexico-operations.
Seems like it will be a rewardeding partnership, We do good,you do good,we both do better !