i bought some shares bescause...
its undervalued at current level ... the balance sheet looks strong , stripping costs will come down and lot of exploration upside, Franco Stream ends end of 2019 ( ... without the rebalancing of the ETF the stock would be up 10% today ... a lot of news next half year..thats why i bought again
question:" The stream agreement requires Teranga to deliver 22,500 ounces annually over the first six years followed by 6% of production thereafter. Franco-Nevada's purchase price per ounce is set at 20% of the spot gold price"
is the stream only related to the Sabodala mine or the overall production including Banfora? 6% of 20000oz p.a. Sabodala- production =12000 oz (now 22500 oz. p.a). .... this has a great impact to the all-in-costs....