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Archon Minerals Ltd V.ACS

Archon Minerals Limited is a Canada-based company engaged in the business of diamond exploration in the Northwest Territories of Canada. The Company has interests in three property groups. Its projects include the Buffer Zone Project, the WO Block Project, and the Monument Diamond Project. The Company retains a 100% interest in certain mineral leases located in the western Buffer Zone. The Company holds a 2.3% gross production royalty over the Buffer Zone. The Company has an approximate 17.57% working interest in mineral claims known as the WO Block Project, which is situated in the Lac de Gras area. The Monument Property is situated in the Lac de Gras area.


TSXV:ACS - Post by User

Comment by schocoron Mar 20, 2018 6:04pm
252 Views
Post# 27749675

RE:Royalty Revenue

RE:Royalty RevenueIf I were a shareholder in this company - I would have serious SERIOUS question's about how these royalties are being recorded/paid. Archon should be getting HUGE revenues from the Misery pushback pipe - which has been mined over the last 3 years - millions. I know Archon did a deal with Dominion to reduce their royalty interest to 3.7% but MAN did they pull a lot of ore out of there before that deal was done. Archon should either have gotten 11.11% of that pits revenues or 36.47%. Where are those revenues? Did they give them to charity? Did Dominion no t pay them? I have been able to find nothing. IF I were a shareholder - I would ask these questions.
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