Terraco Gold Corporation TCEGF

RE:RE:Two corrections.....

[drool]

Thanks bud. I was looking at the last slide in a 2015 PowerPoint presentation and it referenced the sliding scale based on the price of gold. It was confusing to me because it hasn't been referenced publicly since. I did find a previous reference in a Midway Gold document prior to all the portioning out of royalties with Red Kite. I'm happy sticking to a solid number of 3 percent.

I also add to my little pile as dollars become available. Good upside potential. 

Here's the reference:

2-7% sliding scale NSR royalty based on the price of gold:

• < $300/ozAu = 2%

• 300 ≤ x < $400/ozAu = 3%

• 400 ≤ x < $500/ozAu = 4%

• 500 ≤ x < $600/ozAu = 5%

• 600 ≤ x < $700/ozAu = 6%

• ≥ $700/ozAu = 7%

• Royalty vendor retained an NSR royalty on commercial production from

SpringValley of over 500,000 ounces