RE:More numbersoverthehill11 wrote:
Another thing we forget to do is to take 20% off of the top to give it to the landlord. In a sense we are sharecroppers but really we have this thing by the short hairs if we do it all right and so far we are doing it in spades. We are now 5 ounces more in recovery over past mining for every ton of rocks we process...that is free money. That is also good management in my book.
overthehill11
Take in account that the expenditures are 20% for AMCOR
It isn't that 'The landlord' just recieves....it also have to give.
They have an agreement that when one party is developing the mine and the other can't go with it concerning the obligations, the agreement will be adjusted to 1% net Smelter royalty and the one running it will earn a 100% interest.